The Financial Industry Regulatory Authority announced Tuesday that it has established an Innovation Outreach Initiative in an effort to better understand how advances in financial technology affect the industry.
The initiative includes a Blockchain Symposium in New York on July 13. FINRA representatives, regulators and industry leaders like James O’Neill, vice president of operations at Fidelity Investments; John Zecca, senior vice president of MarketWatch and head of market regulation in the U.S. for Nasdaq; and Todd McDonald, co-founder of the R3 blockchain consortium.
“FINRA has long been engaged in discussions about fintech issues with member firms and other key stakeholders. The Innovation Outreach Initiative will enable us to better track fintech developments across the rapidly changing industry environment in order to support innovation in the industry while maintaining investor protection and market integrity,” Robert Cook, FINRA president and CEO, said in a statement.