Hello YouTube, Todd Ault here, and Welcome to Wall Street Words! Today's Wall Street term is "Self-Regulatory Organization (SRO)"

These are non-governmental agencies set up by the Securities and Exchange Commission to regulate professional organizations like groups of stockbrokers, broker dealers and members of the New York Stock Exchange, etc. One example of this is FINRA, they oversee the broker dealer community. And then there's the Securities Exchange Commission's oversight of the New York Stock Exchange. Believe it or not, under the Buttonwood Tree, people got together and agreed to trade stocks and they became a self-regulatory organization overseen by the SEC but their members and all the professionalism and all the rules are set up under their own organization. The SEC. just oversees them to make sure the rules are in place, but they are independent organizations separate from the government. Hey, if you want to become a stockbroker, you have to join a broker dealer that's a member of FINRA or the self-regulatory organization, SRO. You take a test that's guided by them and you pass under their rules and you meet their guidelines, you can become a broker too. Self-Regulatory Organization.

Definition - An entity such as a non-governmental organization (NGO), which has the power to create and enforce stand-alone industry and professional regulations and standards on its own. In the case of financial SROs, such as a stock exchange, the priority is to protect investors by establishing rules, regulations, and set standards of procedures which promote ethics, equality, and professionalism. Although SROs are private organizations, they are still subject to government-imposed regulation to a degree. However, the government does delegate some aspects of the industry oversight to self-regulatory organizations. Since the SRO has some regulatory influence over an industry or profession, it can often serve as a watchdog to guard against fraud or unprofessional practices. The ability of an SRO to exercise regulatory authority does not stem from a grant of power from the government. Instead, SROs often accomplish control through internal mechanisms that regulate the flow of business operations. The authority may also come from an external agreement between like businesses. The purpose of these organizations is to govern from within while avoiding ties to a country's governance.

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#wallstreet #stockmarket #selfregulatoryorganization #SEC

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