What is the main role of the Investment Industry Regulatory Organization of Canada (IIROC)?

The main role of the Investment Industry Regulatory Organization of Canada (IIROC) is to regulate investment dealers and trading activities in Canada. IIROC provides oversight for the conduct of business within the investment industry, ensuring that firms and their representatives adhere to established standards of conduct and practice. This regulation is crucial for maintaining investor protection and upholding the integrity of the financial markets.

By enforcing rules and regulations, IIROC helps ensure that investment dealers operate in a fair and transparent manner, which ultimately fosters confidence among investors. The organization also oversees trading practices on Canadian markets, ensuring that trading is conducted fairly and that there are systems in place to detect and prevent misconduct such as fraud or market manipulation.

The other choices present roles that do not align with IIROC’s primary mandate. Providing investment advice to individuals, offering insurance products, and creating investment opportunities are functions typically associated with financial advisors or firms, not a regulatory body like IIROC. Thus, the focus of IIROC remains firmly on regulation and oversight rather than direct interaction with individual investors.