Welcome back to the Securities Compliance podcast. On this episode, Today, we cover the SEC's new rule proposal regarding private issuers and raising capital and recent criticism to the amendments for Form 13F .  Later, I speak with Chuck Senatore regarding the importance of FinTech and RegTech in the financial services industry and in your firm’s compliance program.  Chuck is a board member and advisor to an assortment of FinTech, RegTech, and cryptocurrency companies. He currently teaches a course on compliance and regulatory strategy at the University of Chicago, and is the founder of the Boston RegTech Meetup.

 

At the end of the show, we launch the History Has Your Back series by reviewing the keynote address during the 2016 NSCP National Conference to foreshadow the importance of FinTech/RegTech in the investment management industry.

 

Thanks for tuning in!

 

Headlines

 

SEC Proposes Exemption from Broker-Dealer Registration for Small Finders

Amendments to Form 13F reporting requirements.

 

Interview

Machine learning and impact of AI in financial services

Harnessing technology for better insight and outcomes of compliance testing

Blockchain and its impact on future examinations

 

History has Your Back 

How important is FinTech/RegTech to the regulators? We go back in time to look at the National Society of Compliance Professionals 2016 National Conference keynote address by Marc Wyatt, Acting Director of the OC.

 

Quotes: 

“And to the extent that you can harness the technology to bring greater insight, the more ability you have to kind of avoid the wasted time of running down ratholes to determine whether something is a false positive or not.”

“While you don’t necessarily need to be a data scientist, having a working knowledge of this space and how you can best leverage data is really important.”

 

Resources:

Compliance in Context