4 ms·
As a reminder, despite having the word "authority" in its name, FINRA is a completely private organisation and does not directly answer to any legislative, judi
by ampdepolymerase 6y ago
As a reminder, despite having the word "authority" in its name, FINRA is a completely private organisation and does not directly answer to any legislative, judicial, or executive authority.
https://nclalegal.org/2019/07/finra-is-a-double-delegation-disaster/ https://nclalegal.org/2019/07/finra-is-a-double-delegation-d...
- fiberoptick 6y ago> does not directly answer to any legislative, judicial, or executive authority. This is patently false. The Securities and Exchange Commission accredits and oversees all national SROs.
- deleted 6y ago[deleted]
- ampdepolymerase 6y agoTrue, but SROs have a lot less oversight than the SEC.
- tcbawo 6y agoThe SEC trusts them to regulate themselves with the understanding that they had better run a tight ship, or the heavy hand of government will come down.