Self-regulatory organizations are non-governmental organizations operating in the securities industry that develop and enforce rules and standards governing the behaviour of their members.

Question

Quizplus · Accepted Answer

Self-regulatory organizations (SROs) such as FINRA and the Securities Industry and Financial Markets Association (SIFMA) are indeed non-governmental organizations that create and enforce rules and standards for their members in the securities industry.

Self-Regulatory Organizations Are Non-Governmental Organizations Operating in the Securities Industry