Srolobby [upd] -

Self-Regulatory Organizations (SROs), such as FINRA in the United States, play a unique role in overseeing financial industry practices. The "SRO lobby" refers to the collective efforts of these organizations and their affiliated industry participants to influence rulemaking, legislative agendas, and regulatory oversight. Unlike purely governmental regulators, SROs are industry-funded and industry-led, which creates a dynamic where lobbying activities often aim to balance market efficiency with investor protection.