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LSDefine

Simple English definitions for legal terms

Self regulatory organization

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A quick definition of Self regulatory organization:

A self regulatory organization (SRO) is a group that helps make sure people follow the rules when they buy and sell stocks. The government sets the goals and rules for the SRO, but the SRO is in charge of making sure its members follow those rules. The SRO can punish members who break the rules. Broker-dealers, who help people buy and sell stocks, also have to follow SRO rules. The biggest SRO is called FINRA, and it helps protect investors and make sure broker-dealers are doing their job right.

A more thorough explanation:

A Self Regulatory Organization (SRO) is a group that regulates its own industry under the watchful eye of the Securities and Exchange Commission (SEC). The SEC sets the standards and objectives for the SRO's rules, which must prevent fraud and market manipulation, promote fair trade, and provide disciplinary actions against members who violate federal securities law. SROs also address fee structures for brokers.

For example, the New York Stock Exchange (NYSE) and the Financial Industry Regulatory Authority (FINRA) are both SROs. The NYSE has rules that apply to any market participant who trades on that stock exchange, while FINRA provides a single forum where investors can seek arbitration for claims that they have against broker-dealer firms and the firms’ employees.

The SEC has the power to ensure that the SROs fulfill their regulatory responsibilities on an ongoing basis. If an SRO violates rules of good practice and fails to police and discipline their members, the SEC can take enforcement actions against them. However, the SEC rarely reverses SRO’s disciplinary actions.

Self determination (international law) | Self-Authenticating Documents

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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