Overstock.com, Inc., an online retailer and technology company based in Salt Lake City, Utah, announced that Canadian customers of Echelon Wealth Partners Inc. (Echelon), can now trade Overstock’s Series A-1 shares (OSTKO) on the alternative trading system (ATS) operated by tZERO ATS, LLC, a FINRA member broker-dealer. This is possible through broker arrangements with an existing subscriber to the ATS.
In May 2020, Overstock distributed Series A-1 shares as a dividend to Overstock shareholders.
“We are working to increase access to Overstock’s preferred shares; I’m pleased Canadian investors now have the ability to trade our Series A-1 preferred shares through Echelon.” said Overstock Chief Executive Officer Jonathan Johnson.
Echelon is a growing firm with approximately 60 teams of investment advisors and portfolio managers and more than $6 billion in assets under administration and management. Echelon offers a wide range of services for individuals, households, institutions, and corporate clients from its offices in Toronto, Ottawa, Montreal, Calgary, Vancouver, Victoria, Saskatoon, London, and Edmonton.