Change is afoot within the SEC. Not only will the regulatory body see its current Chairman, Jay Clayton, exit his role in the coming weeks, but a restructuring is taking place. The ‘Strategic Hub for Innovation and Financial Technology’ – a working group within the SEC – will soon find itself branching off, becoming a ‘stand-alone office’.
In its new role, the SEC indicates that FinHub will now report directly to whoever holds the role of Chairman. Operations will continue with the goal of ‘facilitating the SEC’s active engagement with innovators, developers, and entrepreneurs’.
Moving forward, FinHub will continue under the guidance of current Director, Ms. Szczepanik, who commented on the new structuring of the unit.
‘Enforcement 40’ for 2020
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