The Financial Industry Regulatory Authority wants broker-dealers to weigh in on how the self-regulator can foster innovation in the fintech space while ensuring investor protection and market integrity, and how current FINRA rules may be getting in the way of such innovation.
FINRA issued a Special Notice Monday seeking BD comment on fintech areas such as data aggregation services, supervisory processes around the use of artificial intelligence, and the development of a taxonomy-based machine-readable rulebook.
Comments are due by Oct.12.
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