Final answer:
The Ontario Securities Commission (OSC) is not limited to securities laws, as it also oversees related areas such as certain aspects of the Commodity Futures Act. While securities laws are a primary focus, the OSC's regulatory scope extends beyond solely securities laws.
Step-by-step explanation:
The statement Is the Ontario Securities Commission (OSC) limited to securities laws? is false. The OSC's mandate does indeed focus on the administration and enforcement of securities laws meant to protect investors and ensure fair and efficient capital markets; however, it also has a broader role. This includes administering certain provisions of the Commodity Futures Act and overseeing the conduct of financial market participants in other related areas. Therefore, while securities law is a primary focus, the OSC's regulatory scope is not strictly confined to securities laws alone.
The OSC operates similarly to the Securities and Exchange Commission (SEC) in the United States, which was established by the Federal Securities Act on May 27, to set legal standards for the disclosure of information relevant to publicly traded securities such as stocks and bonds. Both the OSC and the SEC regulate the investment industry to safeguard investors and maintain the integrity of the financial markets.