Breaking Up the System of Self-Regulation
Traders Magazine, December 2004
The structure of self-regulatory organizations, or SROs, such as the New York Stock Exchange, are in the cross-hairs of the nation's regulators who are weighing unprecedented change. "In sum, while Congress and the Commission have criticized and modified the SRO system in the past, it has not been radically revised or dismantled since its establishment," says the Securities and Exchange Commission. As Traders Magazine went to press, the nation's top regulator published proposed rules and offered a concept release that could result in comprehensive reforms.
All TradersMagazine.com articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.