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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.
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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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

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.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.


Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson


Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005


See single-room occupancy.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Oklahoma City Public Schools has had 15 SROs in its middle and high schools for over a decade.
no electricity but instead increased electricity bills?' Sros asked.
The SRO owners cited a 1954 case involving a Los Angeles code provision that sought to "amortize" a lawful nonconforming plumbing business in a residential zone.
SROs are uniformed, armed police officers assigned to work directly in schools.
The SRO was struck down on the charges that it was issued by a federal finance ministry without the express approval of the federal cabinet.
However, sources claim, the present government had been violating the constitution by levying taxes and varying tax rates through SROs. The ministry of finance through the Finance Act 2017, even inserted provisions in various tax codes aimed at nullifying the judgment of the Supreme Court.
"We have found significant revenue loss, as most of these goods imported duty-free under SRO 492(I)/2009 were never exported back and sold in the local market instead," an official said.
Administrators must know state laws and ensure SROs know a district's expectations about handling disciplinary problems, says Mo Canady, executive director of the National Association of School Resource Officers.
According to Screen Australia, SROs play a key role in providing early-mid career film and multimedia makers across Australia with affordable access to production equipment and advice, subsidy programs, professional development and accredited training, exhibition programming and a range of special projects.
* What SROs are and their roles as educators, informal counselors, and law enforcers
The Securities Industry and Financial Markets Association called on the Securities and Exchange Commission on Thursday to review the regulatory structure of broker-dealers, exchanges and the self-regulatory model, as technology advances have changed the way market participants operate and because SROs now compete with the BDs they regulate.