SRO Regulation In The Dodd-Frank Era

Law360, New York (April 11, 2011, 3:09 PM EDT) -- Since its passage last year, the Dodd-Frank Wall Street Reform and Consumer Protection Act has triggered controversy and confusion. Designed to enhance oversight of the securities markets by the U.S. Securities and Exchange Commission and the Commodities Futures Trading Commission, Dodd-Frank and the actions of a budget-averse Congress also may have the effect of dramatically increasing the power of self-regulatory organizations (SROs), particularly the Financial Industry Regulatory Authority and the National Futures Association.

In this article, we analyze the role that these SROs play in the...
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