Self-regulatory organizations (SROs) are non-governmental bodies that enforce fair, ethical, and efficient practices in the securities and commodity futures industries, including all national securities and commodities exchanges and the Financial Industry Regulatory Authority (FINRA). FINRA was created in 2007 through a merger of the enforcement arms of the former New York Stock Exchange and the National Association of Securities Dealers. FINRA oversees operations of broker-dealers and dispute resolution procedures involving securities, FINRA rules are developed with SEC regulation and are subject to the federal regulatory process.
- from NASDAQ.com and John C. Coffee, Jr. & Hillary A. Sale, Securities Regulations Cases and Materials (12th ed. 2012).
FINRA is an independent, not-for-profit organization authorized by Congress to protect investors and ensure market integrity through effective and efficient regulation of the securities industry. FINRA enacts rules governing investment professionals and broker/dealers, and provides securities arbitration and mediation services to resolve investment disputes..
AAA was founded in 1926, following enactment of the Federal Arbitration Act, to implement arbitration as an out-of-court solution to resolving disputes. AAA oversees arbitrations and mediations involving commercial, labor, consumer and other types of disputes.
New York Stock Exchange and International Securities Exchange (see also NYSE MKT Rules).NASDAQ OMX® offers three exchanges to trade U.S. equities that run on high performance technology: NASDAQ, BX, and PSX.