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)

comments powered by Disqus
Hot Definitions
  1. Ghosting

    An illegal practice whereby two or more market makers collectively attempt to influence and change the price of a stock. ...
  2. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  3. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  4. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  5. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
  6. Gresham's Law

    A monetary principle stating that "bad money drives out good." In currency valuation, Gresham's Law states that if a new ...
Trading Center