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Securities And Exchange Commission's Fintech Wing Set To Become Its Own Office
Summary: The Securities and Exchange Commission's fintech wing is set to become an independent office, according to an announcement on Thursday, December 3. The SEC's Strategic Hub for Innovation and Financial Technology, or FinHub was launched in 2018 and has since been a leader in securities regulation surrounding emerging technologies. Making FinHub an independent office means that the ...
The Securities and Exchange Commission's fintech wing is set to become an independent office, according to an announcement on Thursday, December 3.
The SEC's Strategic Hub for Innovation and Financial Technology, or FinHub was launched in 2018 and has since been a leader in securities regulation surrounding emerging technologies.
Making FinHub an independent office means that the head of the office, Valerie Szczepanik, will report directly to the SEC chairman rather than to the Division of Corporate Finance.
"Our action to establish FinHub as standalone office furthers our commitment to facilitate the introduction of new technologies for the benefit of investors and the efficiency and resiliency of our markets," SEC Chairman Jay Clayton said in the announcement.
By Emily Mason
Tags: FinHub,Fintech,SEC,Securities and exchange commission
Link: Securities And Exchange Commission's Fintech Wing Set To Become Its Own Office [Copy]
