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Posted On: 01/18/2018 3:03:48 PM
Post# of 82686
Im having a hard time posting link to article so here is the first few paragraphs:
Gary J. Aguirre is a trial attorney whose practice focuses on securities regulation, securities litigation, market abuse, ICO investigations and litigation, and the repre- sentation of whistleblowers in the financial industry and regulatory agencies. Mr. Aguirre holds an LL.B. from Berkeley Law and an LL.M. with Distinction from Georgetown Law Center in securities regula- tion and international law. Contact: gary@aguirrelawapc.com.
The Securities and Exchange Commission (SEC) has been assessing how to allow block- chain technology to be integrated into the regulatory landscape. A potpourri of market participants vies to influence this process. All agree changes are coming. Some would change securities trading and settlement in ways that would curb market abuse and level the playing field for investors, especially retail investors; while others are proposing changes that could steepen it.
The potential for blockchain technology to curb market abuse will likely turn on two factors: (i) the extent to which it distributes meaningful information to investors on spe- cific securities; and (ii) at what stage (trading or settlement) it becomes operative. If block- chain technology widely distributes meaning- ful data to investors and kicks in when trades occur, it would significantly curb market abuse. If neither of these two factors occurs, the information gap for retail investors would grow and their playing field would steepen.
Gary J. Aguirre is a trial attorney whose practice focuses on securities regulation, securities litigation, market abuse, ICO investigations and litigation, and the repre- sentation of whistleblowers in the financial industry and regulatory agencies. Mr. Aguirre holds an LL.B. from Berkeley Law and an LL.M. with Distinction from Georgetown Law Center in securities regula- tion and international law. Contact: gary@aguirrelawapc.com.
The Securities and Exchange Commission (SEC) has been assessing how to allow block- chain technology to be integrated into the regulatory landscape. A potpourri of market participants vies to influence this process. All agree changes are coming. Some would change securities trading and settlement in ways that would curb market abuse and level the playing field for investors, especially retail investors; while others are proposing changes that could steepen it.
The potential for blockchain technology to curb market abuse will likely turn on two factors: (i) the extent to which it distributes meaningful information to investors on spe- cific securities; and (ii) at what stage (trading or settlement) it becomes operative. If block- chain technology widely distributes meaning- ful data to investors and kicks in when trades occur, it would significantly curb market abuse. If neither of these two factors occurs, the information gap for retail investors would grow and their playing field would steepen.
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