SEC.gov | Mary Jo White’s Opening Remarks at the Fintech Forum


[R]egulators have an obligation to understand, monitor, and — where appropriate — encourage such developments, while simultaneously being prepared to implement safeguards where necessary to protect investors and our markets.

Source: SEC.gov | Opening Remarks at the Fintech Forum

The forum focused on the following three areas:

  • Automated investing advice has the potential to give retail investors broader, and more affordable, access to our markets.
  • Distributed ledger technology could greatly simplify the trading, settlement and clearing processes, making transactions faster, more efficient, and less expensive.
  • Online marketplace lenders and crowdfunding portals are providing individuals and small businesses with new paths to access capital.

Chairwoman White note that “an important concern is how innovators will address issues of cybersecurity and the safety of customer data and assets in a blockchain.”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s