The Securities and Exchange Commission’s Strategic Hub for Innovation and Financial Technology, established in 2018 and known as FinHub, will become a stand-alone office.
Currently part of the SEC’s corporation finance division, FinHub has “spearheaded agency efforts to encourage responsible innovation in the financial sector, including in evolving areas such as distributed ledger technology and digital assets, automated investment advice, digital marketplace financing, and artificial intelligence and machine learning,” the SEC said in a release.
Valerie A. Szczepanik, the current FinHub head, will be its first director and will report to the SEC chairman.
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The latest updates to its recordkeeping platform, including a solution originally developed for one large 20,000-advisor client, take aim at the small to medium-sized business space.
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Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
