NCFA Innovation 2019

SEC Launches Fintech Hub To Engage With Cryptocurrency Startups And More

Forbes | | Oct 18, 2018

SEC Finhub - SEC Launches Fintech Hub To Engage With Cryptocurrency Startups And MoreThe U.S. Securities and Exchange Commission is launching a portal for engaging with companies using blockchain, artificial intelligence and more.

Available today, the new fintech hub, or FinHub for short, is designed to bring the SEC’s existing services to a single access point and provide an easier way for companies to communicate with the public.

As startups building with blockchain increasingly come under the SEC’s attention, the new portal has the potential to streamline the process of building compliant platforms prior to launch.

The SEC’s FinHub will be led by Valerie A. Szczepanik, senior advisor for digital assets and innovation and associate director in the SEC’s Division of Corporation Finance.

“We’ve been doing these things for years,” Szczepanik told Forbes. “This is going to bring it all together.”

The FinHub will be staffed by representatives from the SEC’s divisions and offices who have expertise and involvement in fintech-related issues.

See:  Canadian securities regulators provide additional guidance on securities law implications for offerings of tokens

In addition to asking questions of the SEC, those who use the site will be able to request meetings. To increase engagement, a binary code “Easter egg” message has been hidden on the page.

Over the past year the number of cases being publicly pursued by the SEC has increased. As a result the U.S securities regulator earlier this year published a webpage that spoofed scam websites as a way to educate potential investors and blockchain builders. The new portal appears to be an extension of that strategy.

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NCFA Jan 2018 resize - SEC Launches Fintech Hub To Engage With Cryptocurrency Startups And More The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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Cato Institute | Jennifer J. Schulp | Feb 18, 2021 By no means should the GameStop phenomenon result in changes that restrict retail investors’ access to the markets. Before the Committee on Financial Services, U.S. House of Representatives Introduction Chairwoman Waters, Ranking Member McHenry, and distinguished members of the Committee on Financial Services, my name is Jennifer Schulp, and I am the Director of Financial Regulation Studies at the Cato Institute’s Center for Monetary and Financial Alternatives. See:  Retail investors are becoming more than shareholders I thank you for the opportunity to take part in today’s hearing entitled, “Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide.” Watch the testimony C-span here: Retail Investing Before addressing the GameStop phenomenon specifically, I’d like to address the participation of retail, or individual, investors in our public equities markets. Retail participation has ebbed and flowed over the years, but the recent trend toward increased retail participation accelerated sharply during the pandemic. Approximately one-fifth of market trading volume is now attributable to retail orders, which is a substantial increase over 2019.1 Most commentators point to the increasing availability of zero-commission trading as drawing in more individual investors. In ...
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