Investment Industry Regulatory Organization of Canada - IIROC

AAA

DEFINITION of 'Investment Industry Regulatory Organization of Canada - IIROC'

The governing authority for all debt and equity markets, investments and investment brokers, dealers and providers in Canada. The Investment Industry Regulatory Organization of Canada (IIROC) is a self-regulatory organization, similar to the Financial Industry Regulatory Authority (FINRA) in the U.S. Its objective is to maintain fair and orderly markets and regulate all securities-related commerce within the country.

INVESTOPEDIA EXPLAINS 'Investment Industry Regulatory Organization of Canada - IIROC'

IIROC has the power to set and enforce laws in the Canadian securities and trading markets. It can levy fines, suspensions and other disciplinary action against delinquent firms, brokers and advisors. IIROC also regulates all investment-related sales activity by brokers, agents and planners.

RELATED TERMS
  1. Canadian Securities Institute - ...

    Canada's leading provider of professional credentials and compliance ...
  2. Ontario Securities Commission - ...

    The securities regulator that supervises and enforces regulations ...
  3. Bank

    A financial institution licensed as a receiver of deposits. There ...
  4. Bank Insurance

    A guarantee by the Federal Deposit Insurance Corporation (FDIC) ...
  5. Broker

    1. An individual or firm that charges a fee or commission for ...
  6. Self-Regulatory Organization - ...

    A non-governmental organization that has the power to create ...
Related Articles
  1. How does FINRA differ from the SEC?
    Investing

    How does FINRA differ from the SEC?

  2. Investigating The Securities Police
    Professionals

    Investigating The Securities Police

  3. Segregated Funds: Investment Protection ...
    Options & Futures

    Segregated Funds: Investment Protection ...

  4. Maxing Out Your RRSP (Canadian)
    Retirement

    Maxing Out Your RRSP (Canadian)

Hot Definitions
  1. Financing Entity

    The party in a financing arrangement that provides money, property, or another asset to an intermediate entity or financed ...
  2. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  3. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
  4. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  5. Leading Indicator

    A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators ...
  6. Wage-Price Spiral

    A macroeconomic theory to explain the cause-and-effect relationship between rising wages and rising prices, or inflation. ...
Trading Center