SIA wants single self-regulatory organisation

NEW YORK -- The securities industry will be better served by a hybrid self-regulatory organisation (SRO) that would combine the multiple SROs now existing, says the Securities and Industry Association (SIA).

In its recommendations, due this March, the SIA will urge the Securities and Exchange Commission (SEC) to combine the multiple SROs into one body to eliminate duplication and redundancy.

Currently, SROs are responsible for conducting inspections, examinations, audits, surveillance and enforcement in their own member firms. This, analysts believe, exposes SROs to possible conflicts of interest as they list and trade their own or affiliated securities.

The hybrid SRO would be responsible for

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here