The "Self-Regulatory Organization for Independent Investment Advisers, Inc." (SROIIA) was a conceptual entity that emerged from discussions following the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act. The Act mandated the SEC to study ways to enhance the examination and oversight of investment advisers. One proposed solution was the creation of a new self-regulatory organization (SRO), similar to how FINRA oversees broker-dealers. Various industry groups and potential SRO operators, including FINRA, put forth models and proposals. However, after extensive debate and study, the SEC did not proceed with authorizing a new SRO for investment advisers, and the concept for this specific organization never came to fruition.

Founded in

United States