FINRA Requests Comment on Financial Technology Innovation in the Broker-Dealer Industry
Summary
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.
Date | Commenter |
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Steven Boms Comment on Special Notice 7/30/18 | |
Franklin Gold Comment on Special Notice 7/30/18 | |
Georgia State Law Comment on Special Notice 7/30/18 | |
Corlytics Comments on Special Notice 7/30/18 | |
Todd Krajniak Comment on Special Notice 7/30/18 | |
CleverDome Comment on Special Notice 7/30/18 | |
Micro Focus Comment on Special Notice 7/30/18 | |
Lab49 Comment on Special Notice 7/30/18 | |
Donnelley Financial Solutions Comment on Special Notice 7/30/18 | |
Fidelity Investments Comment on Special Notice 7/30/18 | |
Donna Prlich Comment on Special Notice 7/30/18 | |
Insured Retirement Institute Comment on Special Notice 7/30/18 | |
OTC Markets Comment on Special Notice 7/30/18 | |
Credit Suisse Securities (USA) LLC. Comment on Special Notice 7/30/18 | |
Cambridge Investment Research, Inc. Comment on Special Notice 7/30/18 | |
SIFMA Comment on Special notice 7/30/18 | |
Templum Comments on Special Notice 07/30/18 |