SIA Report Seeks To Refocus Industry On SRO Reform

Law360 (January 25, 2006, 12:00 AM EST) -- Fearing regulatory conflicts of interest generated by the New York Stock Exchange's bid to become a for-profit company, the Securities Industry Association has urged securities industry regulators to refocus on streamlining investigation and enforcement proceedings.

The SIA issued a report about the goals and principles that should underlie the restructuring of self-regulating organizations written in response to SIA concerns that a for-profit company with a regulatory arm might run into conflicts of interest when investigating and sanctioning rule transgressions, said SIA spokesman Travis Larson said....
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