Analysis of Legal Framework of Self-regulatory Organizations in Iran’ Capital Market with Comparative Study in the US Legal System | ||
| تحقیقات مالی | ||
| Article 1, Volume 15, Issue 2, November 2013, Pages 149-160 PDF (325.73 K) | ||
| Document Type: Research Paper | ||
| DOI: 10.22059/jfr.2013.51074 | ||
| Authors | ||
| Ali Ansari* 1; Mohammad Isayi Tafreshi2; Seyed Milad Hossaini3 | ||
| 1Assistant Prof. of Law, Kharazmi University, Tehran, Iran | ||
| 2Prof. of Law, Tarbiyat Modares University, Tehran, Iran | ||
| 3M.Sc. Student in Private Law, Tarbiyat Modares University, Tehran, Iran | ||
| Abstract | ||
| In this paper, it’s been tried to examine the legal framework of self-regulatory organizations in Iran and the US’s capital markets and to clarify this matter in Iran and the US (as the innovator of self-regulation method in some way for setting rules and regulations), with emphasis on laws and practices. To achieve this purpose, we analyzed this matter from the most important angles; Therefore, in this paper we examined legal origin of self-regulatory organizations, their nature, the way they are formed, suspended and disbanded, the authority for regulating and making rules, adjudication and authorities investigating members’ (regulatory and criminal) offences. Besides discussing the issues above in detail, we come to the conclusion that the US legal system in this context is similar to Iran, except for a few minor differences. | ||
| Keywords | ||
| Devolving Powers; law; Securities Market; Self-Regulation; Self- Regulatory Organizations (Sros) | ||
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