Compliance Newsflash – May 1, 2019

May 1, 2019

FINRA Forms Office of Financial Innovation, Announces Haimera Workie as Head

On April 24, 2019, FINRA announced the formation of an Office of Financial Innovation that will serve as a central point of coordination for issues related to significant financial innovations by FINRA member firms, particularly new uses of financial technology (fintech). The move will further enhance FINRA’s ability to identify, understand and foster financial innovation in the markets in a manner that strengthens investor protection and market integrity. 

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SEC Staff Announces Agenda for May 31 FinTech Forum

On April 24, 2019, The Securities and Exchange Commission announced the agenda for the forum that its staff is hosting on May 31 to discuss distributed ledger technology and digital assets. The 2019 FinTech Forum, which will be hosted by the SEC’s Strategic Hub for Innovation and Financial Technology (FinHub), will begin at 9:30 a.m. ET, and will feature four panels. The agenda and speaker list for the forum is provided below.

For more information, click here.