Budgeting Mistakes To Avoid

 


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Francisco Faraco Answers the Most Frequently Asked Questions About SROs Like FINRA

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An SRO or self-regulatory organization  may be affiliated with an organization or government, but it’s a standalone body that protects stakeholders by regulating a certain industry or profession. For instance, FINRA (Financial Industry Regulatory Authority), a financial SRO, has gone as far as to set up FINRA BrokerCheck  to keep professionals in check. In today’s article, Francisco Jose Faraco  answers the most frequently asked questions about SROs. Does the Government Regulate SROs? Although SROs are self-regulating bodies, they are subject to government scrutiny and regulation. You see, SROs are an extension of government regulation. They can exercise the same power level because they represent the government to a certain extent. Therefore, the government will regulate how SROs regulate an industry or profession. Not only that, but it’ll also demand a policy change should things change on a political level. To What Extent Can an SRO Exercise Its Authority? SROs don’t a...
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Francisco Faraco's Perspective on Avoiding Broker Imposter Schemes via FINRA BrokerCheck

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