Final answer:
In Canada, each province and territory has its own securities commission to regulate and supervise the sale of securities and the individuals and establishments selling them.
Step-by-step explanation:
Yes, in Canada each province and territory has its own securities commission or regulator. The role of these securities commissions is to regulate and supervise the sale of securities, as well as the brokers, dealers, and bankers who sell them. This system exists alongside the federal Securities and Exchange Commission (SEC) established by the Federal Securities Act, which sets the legal standards for disclosure of information relevant to publicly traded securities such as stocks and bonds. Each provincial commission operates under its own securities legislation and works to ensure that financial markets operate in a fair and transparent manner, with the aim of protecting investors from fraudulent activities.