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

The role of the Investment Industry Regulatory Organization of Canada (IIROC) is primarily to oversee investor protection and ensure that firms adhere to regulations within the investment industry. This encompasses monitoring and regulating investment dealers and trading activity to ensure compliance with applicable rules and standards. IIROC's responsibilities include establishing and enforcing regulations that protect investors from unethical practices, ensuring the financial health and integrity of the investment industry, and fostering transparency in trading activities. This not only helps maintain confidence in the markets but also contributes to the overall stability of the financial system.

The other options do not accurately represent IIROC's primary role. While promoting financial literacy is important, it is not the central function of IIROC. The organization does not engage in managing mutual fund performance evaluations, nor does it execute trades on behalf of investors; these activities are typically handled by individual investment firms and brokers. Thus, the focus of IIROC remains firmly on regulatory oversight and protection of investors in the Canadian investment sector.