As a shareholder-owned business, the primary responsibility of the NYSE is to its shareholders. As an SRO,

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As a shareholder-owned business, the primary responsibility of the NYSE is to its shareholders. As an SRO, the primary responsibility of the NYSE is to maintain the integrity of markets and to protect investors. There are obvious possible conflicts of interest here. However, make an argument that this apparently conflicting set of responsibilities need not impair the ability of the NYSE to fulfill its responsibilities.

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