To an extent this does exist in the form of the listing requirements for NYSE, NASDAQ etc. Matt Levine has talked previously about how the coupling between "hig

To an extent this does exist in the form of the listing requirements for NYSE, NASDAQ etc. Matt Levine has talked previously about how the coupling between "higher standards of operating", "selling your shares to the public" and "being listed on a specific exchange" are kind of weirdly conflated at the moment and there's no particular reason they all need to be linked in such a manner.