Self-Regulatory Organization - SRO
A non-government organization that has the power to create and enforce industry regulations and standards. The priority is to protect investors through the establishment of rules that promote ethics and equality.
Investopedia Commentary
Some examples of SROs include stock exchanges, the Investment Dealers Association of Canada, and the National Association of Securities Dealers in the United States.
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See also: Exchange, Industry, NASD
Also spelled: SRO