Openfinance Securities Receives FINRA Approval for New Digital Securities Alternative Trading System (ATS) Process
illi News/10086468

Trending...
CHICAGO, Oct. 23, 2020 /PRNewswire/ -- Openfinance Securities, LLC, the Broker-Dealer and ATS behind the Openfinance digital securities trading platform, has received an unprecedented approval for digital securities trading enhancements to its membership agreement with FINRA – relying upon the SEC's recent Staff no-action letter clearing Openfinance's digital ATS business model.

More on illi News
Openfinance's approval comes after more than two years of working closely with both the SEC and FINRA Staffs in support of legally compliant regulated trading of digital securities.  The SEC no-action letter issued last month acknowledges the view advocated by Openfinance that a complex "Four Step" process to guide broker-dealers involved in the transfer of digital securities could create unnecessary and undesirable operational and settlement risks.stats
Filed Under: Business

Show All News | Report Violation

0 Comments

Latest on illi News