The Investment Industry Regulatory Organization of Canada is self-regulatory, nonprofit national organization formed on June 1, 2008 throughout the merger of Market Regulation Service Inc. and Investment Dealers Association of Canada. The main goal of organization is to oversee trading activity and all investment dealers on equity and debt markets in Canada. Its objective is to regulate all securities related to commerce and maintain orderly and fair market within the Canada.
The Investment Industry Regulatory Organization of Canada has quasi-judicial command to set and implement laws in Canadian trading and securities markets and can charge fines, deferral and other disciplinary action against felonious brokers, firms and advisors. Due to its strict actions, organization has been criticized by many advisors and advocates as an ineffective.
Susan Wolburgh Jenah was first president and chief executive officer of Investment Industry Regulatory Organization of Canada. Andrew J. Kriegler succeeds first president and CEO of the organization on November 1, 2014 and became 2nd president and chief executive officer of IIROC.
Investment Industry Regulatory Organization of Canada operates under orders from Canadian Securities Administrations (CSA). The Canadian Securities Administrations is an umbrella for provisional and territorial securities regulators.
Investment Industry Regulatory Organization of Canada carries out orders from following provisional and territorial regulators:
- Alberta Securities Commission
- British Columbia securities Commission
- Saskatchewan Financial Services Commission
- Ontario Securities Commission
- Manitoba Securities Commission
- Newfoundland Securities Commission
- Autorité des marchés financiers
- Prince Edward Island
- New Brunswick Securities Commission
- Nova Scotia Securities Commission