Yesterday the Securities and Exchange Commission (SEC) unveiled a new unit to address fintech issues such as blockchain, distributed ledger technology (DLT) and digital assets. Other topics covered are automated investment advice, digital marketplace financing, and AI. The unit is called the Strategic Hub for Innovation and Financial Technology (
FinHub).
“The SEC is committed to working with investors and market participants on new approaches to capital formation, market structure, and financial services, with an eye toward enhancing, and in no way reducing, investor protection,” said SEC Chairman Jay Clayton.
While the portal provides a way for the SEC to publicize information about its activities, there’s also a form to funnel inbound inquiries. Additionally, the SEC aims to use the platform to disseminate information internally and amongst other regulators. Beyond the website, there are plans for events starting with a FinTech Forum on DLT and digital assets in 2019.
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