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Self-regulatory organization (SRO)

Organizations that enforce fair, ethical, and efficient practices in the securities and commodity futures industries, including all national securities and commodities exchanges and the NASD.

Self-Regulatory Organization

A professional organization, unaffiliated with a government, having certain, limited regulatory authority over members. An example is the American Dental Association, which has the ability to set standards and enforce discipline over dentists in the United States. In trading, most exchanges are self-regulatory organizations, as are trading-related professional organizations. SROs assist the SEC and government regulators in the maintenance of operating standards and the arbitration of disputes. See also: SICA.


Self-regulatory organization (SRO).

All securities and commodities exchanges in the United States are self-regulatory organizations (SROs), as is NASD.

These bodies establish the standards under which their members conduct business, monitor the way that business is conducted, and enforce their own rules.

For example, the New York Stock Exchange (NYSE) requires that client orders delivered to the floor of the exchange be filled before orders that originate with traders on the floor, who buy and sell for their own accounts.






See single-room occupancy.

References in periodicals archive ?
Secretary NHS Naveed Kamran Baloch told Dawn that the SRO had been issued to meet the future and unexpected requirements.
ISLAMABAD -- Taking a U-turn for its early claims of curbing the statutory regulatory orders (SROs) practice and its subsequent commitment to the International Monetary Fund in this regard, the government has issued at least 133 SROs over the period of last four years.
However, the SRO must notify the SEC of the action taken.
The culture of the SROs has over time deeply entrenched itself in the country's tax administration because of the excessive misuse of legislative powers delegated to the tax authorities.
SROs operate differently from state to state, district to district and even school to school, Parker says.
SROs provide both practical training opportunities and networking for emerging practitioners.
News reports of some local officers misusing their power to search, restrain, or arrest youth inside schools have raised significant concerns for SRO programs nationwide.
As sub-committee recommendations are to be submitted to Lahore HC, Economic Affairs Division requested Finance Division to convene the main committee's meeting to resolve outstanding issues for implementing the said SRO with the donors.
He said that the whole industry of Lahore is united against this SRO 154 and has unanimously declared that 2% tax is unacceptable.
Indeed, as I learned from several industry sources, FINRA is now trolling the Senate for SRO backers.
The redraft of Bachus' SRO bill comes despite the fact that economic analysis released by The Boston Consulting Group and commissioned by advisory trade groups found that creating an SRO would cost at least twice as much as providing the Securities and Exchange Commission with adequate funds to examine advisors.
Once the company completes its review and documentation, an independent auditor conducts the SRO audit.