The U.S. Securities and Exchange Commission has opened a division to make it simpler for financial technology startups to deal with the regulator on the legal implications of their digital products.

Announced Thursday, the Strategic Hub for Innovation and Financial Technology, or FinHub, will be the way the SEC interacts with entrepreneurs and developers, particularly those focusing on distributed ledger technology, automated investment advice, digital marketplace financing and artificial intelligence.

In a news release, the agency said the hub will, among other things, provide a portal for industry and the public “to engage directly with SEC staff on innovative ideas and technological developments,” publicize the SEC’s activities and initiatives and “act as a platform and clearinghouse for SEC staff to acquire and disseminate information and FinTech-related knowledge within the agency.”

The SEC’s FinHub will be led by Valerie A. Szczepanik, who was named in June as the agency’s associate director of the Division of Corporation Finance in charge of coordinating regulatory actions on cryptocurrencies.

ThirtyK Staff
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