The chief financial officer of New 2nd Capital in New York City, Kate Merli has more than 10 years of experience in the private equity and financial services sector. As part of her work with New 2nd Capital, Kate Merli keeps abreast of news and developments at the Securities and Exchange Commission (SEC).
Founded by the US Congress in response to the 1929 stock market crash and the ensuing Great Depression, the SEC has been regulating the securities industry since 1934. Today, the SEC is led by a group of five commissioners, with the commission chairman appointed by the US president. In addition to enforcing securities laws, issuing new rules and guidelines, and coordinating securities regulation with international governing bodies, the SEC plays an important role in developing rules and regulations for emerging financial technology.
In October 2018, the SEC announced the creation of a new resource, the Strategic Hub for Innovation and Financial Technology, known as FinHub. Hosted on the SEC website, FinHub provides a central location for members of the public, regulators, and securities industry professionals to give guidance and feedback regarding innovation in the securities sector. It will also serve as a clearinghouse for SEC announcements regarding working groups, proposed regulations, and newly created guidelines for the financial technology sector.
For more information about FinHub, please visit www.sec.gov/finhub.
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