Asked by Bryanna Brace on May 31, 2024

verifed

Verified

The Investment Industry Regulatory Organization of Canada,combining the Investment Dealers Association and Market Regulation Services Inc.,is a federal government supervisory agency for the securities industry.

Investment Industry Regulatory Organization

Investment Industry Regulatory Organization is a generic term that refers to a regulatory body responsible for supervising and regulating firms and professionals in the investment industry to protect investors and maintain market integrity.

Securities Industry

A sector comprising firms and institutions that facilitate the issuance, buying, and selling of securities, like stocks and bonds, to finance businesses and investment opportunities.

Federal Government

The national government of a country, responsible for implementing and enforcing laws, and managing the country's affairs.

  • Identify the regulatory bodies and their roles in the securities industry in Canada.
verifed

Verified Answer

GD
Gabriel DeBoerJun 06, 2024
Final Answer :
False
Explanation :
The Investment Industry Regulatory Organization of Canada (IIROC) is a self-regulatory organization that oversees investment dealers and trading activity in Canada's debt and equity markets, not a federal government supervisory agency.