Special Notice – 7/30/18

FINRA Requests Comment on Financial Technology Innovation in the Broker-Dealer Industry

Comment Period Expires: October 12, 2018


New financial technology innovations, commonly known as “fintech,” can offer benefits for investors and the financial services industry, but can also present investor protection concerns where the safeguards of the securities laws are not respected. FINRA’s discussions with representatives of the fintech industry and our member firms through our Innovation Outreach Initiative have enabled us to better understand market participants’ interest in efforts among regulators to create an environment supportive of fintech innovations that benefit investors and the capital markets. Moreover, we have received several requests to solicit feedback from the broader public regarding how FINRA may support fintech innovation consistent with our mission of investor protection and market integrity. In response to these requests, we are seeking comments on how FINRA can support fintech development consistent with this mission. In addition, we request specific comment on certain fintech areas, including the provision of data aggregation services, supervisory processes concerning the use of artificial intelligence, and the development of a taxonomy-based machine-readable rulebook.

Questions regarding this Notice should be directed to:

  • Haimera Workie, Senior Director, Office of Emerging Regulatory Issues (ERI), at (202) 728-8097;
  • Kavita Jain, Director, ERI, at (202) 728-8128; or
  • Alex Khachaturian, Director, ERI, at (202) 728-8275.
The views, expressions, findings and opinions expressed in the comments on this Web page are solely those of the author(s) and FINRA accepts no responsibility for the content of the comments: 
DateCommenterFormat - Size
9/21/2018Envestnet YodleePDF - 137.97 KB
9/24/2018FG Consulting & Advising, LLCPDF - 173.29 KB
10/10/2018Georgia State University College of LawPDF - 209.94 KB
10/11/2018Corlytics Ltd.PDF - 99.67 KB
10/11/2018Krajniak Capital ManagementPDF - 144.84 KB
10/11/2018CleverDomePDF - 370.65 KB
10/12/2018Hearsay SystemsPDF - 144.87 KB
10/12/2018Fidelity InvestmentsPDF - 165.56 KB
10/12/2018Donnelley Financial SolutionsPDF - 337.56 KB
10/12/2018Lab49PDF - 141.1 KB
10/12/2018Micro FocusPDF - 1.23 MB
10/12/2018Insured Retirement InstitutePDF - 215.64 KB
10/12/2018Credit Suisse Securities (USA) LLCPDF - 337.83 KB
10/12/2018Cambridge Investment Research, Inc.PDF - 50.61 KB
10/12/2018OTC Markets Group, Inc.PDF - 266.24 KB
10/18/2018SIFMAPDF - 170.42 KB
10/23/2018Templum Markets, LLCPDF - 3.77 MB