The SEC’s 2024 Examination Priorities Report
The United States Securities and Exchange Commission (SEC) recently released its 2024 examination priorities report, which highlights the emerging risks that the agency will focus on. This report is a regular publication from the SEC’s Division of Examinations, aimed at informing registrants about areas of concern. One area of focus mentioned in the report is the regulation of crypto dealer-brokers.
Increased Focus on Crypto and Fintech
In 2023, the SEC’s examinations division expanded its capabilities by forming specialized teams to address emerging technologies such as cryptocurrency, fintech, artificial intelligence (AI), and cybersecurity. The division continues to monitor broker-dealers and advisers operating in the crypto space.
Examining New Practices
The SEC’s examinations division is particularly interested in registrants who offer innovative solutions, including technological and online tools that cater to compliance and marketing needs. These may include automated investment tools, AI, trading algorithms, and platforms.
Hot Take: SEC Prioritizes Oversight of Crypto Dealer-Brokers
The recent release of the SEC’s 2024 examination priorities report signals the agency’s increasing focus on regulating crypto dealer-brokers. With the expansion of its examinations division to address emerging technologies like cryptocurrency and fintech, the SEC is actively monitoring broker-dealers and advisers in the crypto space. This emphasis on oversight reflects the SEC’s commitment to ensuring investor protection and maintaining market integrity within the rapidly evolving crypto industry.
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