Bay State compliance bulldog William Galvin, Massachusetts’ Secretary of the Commonwealth, has announced that his Securities Division has formed a FinTech Advisory Working Group.
The FinTech Working Group “is the first dedicated team established by a state securities regulator to provide support to, and receive advice from, eligible fintech businesses,” according to this office.
The goal of the working group is to help fintech businesses navigate regulatory requirements, while meeting its mandate to protect investors and to foster fair and efficient capital markets and confidence in the markets.
The working group will strive to keep regulation in step with digital innovation and will monitor developments in fintech, as well as the challenges encountered by fintech-related businesses in the securities industry.
“This working group includes key players from a broad spectrum of the fintech community, ranging from innovation hubs to startups to financial institutions,” Galvin said in a statement. “This collaboration will help advise securities regulators on meeting the novel demands of this rapidly growing space.”
The FinTech Working Group members consist of experts in the area, as well as staff members from the Massachusetts Securities Division.
Members include:
- Steven L. Antonakes, Executive Vice Pres., Enterprise Risk Management, Eastern Bank
- John Beccia , Co-Founder & CEO, FS Vector
- Hugo Benedetti, Ph.D. Candidate, Carroll School of Management, Boston College
- Jason J. Cabral, Partner, Nutter McClennen & Fish, Boston
- Thomas J. Curry, Partner, Nutter McClennen & Fish, Boston, Co-Leader, Banking and Financial Services Group
- Sharon Goldberg, Co-Founder and CEO, Commonwealth Crypto
- Patrick Murck, Special Counsel, Cooley LLP, Boston
- Charles Senatore, Head of Risk Oversight, Devonshire Investors, Founder of Boston RegTech Meetup
- Matthew Van Buskirk, Co-Founder and Co-CEO, Hummingbird
- Mike Whalen, Partner, Goodwin Proctor LLP, Washington, DC, Co-leader, FinTech Practice
With more than 20 years serving financial markets, John Sullivan is the former editor-in-chief of Investment Advisor magazine and retirement editor of ThinkAdvisor.com. Sullivan is also the former editor of Boomer Market Advisor and Bank Advisor magazines, and has a background in the insurance and investment industries in addition to his journalism roots.
