Self-Regulatory Organization

The video explains the role of organizations with governmentally vested authority to create and enforce industry standards. These organizations, often private, supplement statutory and regulatory standards. Examples include FINRA and the Municipal Securities Rulemaking Board, which regulate securities and municipal bonds, respectively. These self-regulatory organizations operate alongside government regulations to ensure compliance and maintain industry standards.

What is the primary function of a self-regulatory organization in an industry?

How does a self-regulatory organization differ from government regulation?

Can you provide an example of a self-regulatory organization and its role?

What additional standards do self-regulatory organizations create beyond statutory provisions?

In what ways do self-regulatory organizations serve to further legal standards in their industries?