Earlier this month the staff of the U.S. Securities and Exchange Commission (SEC) published a statement in response to a letter issued by the Wyoming Division of Banking on the custody of digital assets. The SEC staff...more
FINRA recently published a paper on the development of Artificial Intelligence (AI) in the financial services industry. The paper follows a July 2018 request for comments from the industry on the potential challenges...more
New York DFS has launched DFS Next, a new platform for engaging entrepreneurs in financial services and promoting innovation. One of the initial efforts that DFS Next will offer is FastForward, a program to support digital...more
On July 8, 2019, the staff of the U.S. Securities and Exchange Commission (“SEC”) Division of Trading and Markets and the staff of the Financial Industry Regulatory Authority (“FINRA”) issued a joint statement outlining...more
9/13/2019
/ Alternative Trading System (ATS) ,
Broker-Dealer ,
Clearing Agencies ,
Custody Rule ,
Customer Protection Rule ,
Digital Assets ,
Financial Industry Regulatory Authority (FINRA) ,
Financial Services Industry ,
Financial Transactions ,
Investment ,
Investors ,
Joint Statements ,
Regulatory Standards ,
Rule 15c3-3 ,
Rulemaking Process ,
Securities and Exchange Commission (SEC) ,
Securities Tokens ,
Securities Transactions ,
Trading Platforms
“Hello, Dave. You're looking well today.”
In the iconic science fiction movie, 2001: A Space Odyssey, the HAL 9000 computer courteously greeted his astronaut human companion Dave Bowman. HAL was a Heuristically...more
4/21/2017
/ Algorithms ,
Disclosure Requirements ,
Financial Institutions ,
Financial Markets ,
Financial Services Industry ,
FinTech ,
Investment Adviser ,
Popular ,
Regulatory Standards ,
Robo-Advisors ,
Securities and Exchange Commission (SEC)