Weekly Roundup

Payment for Order Flow
FINRA published guidance on payment for order flow, including the codification of certain specific requirements aroundbest execution in Rule 5310.

White House Memo on CyberSecurity
It The White House released a “National Security Memorandum on Improving Cybersecurity for Critical Infrastructure Control Systems.” Digital ID –Reps. Bill Foster (D-IL), John Katko (R-NY), Jim Langevin (D-RI), and Barry Loudermilk (R-GA), have introduced a bill to strengthen digital identity infrastructure, enablingstreamlined authentication of identities.

Robinhood IPO
Free trading platform Robinhood went public this week, expected to raise hares at that range to raise as much as $2.3 billion.

Bitcoin ETF
Bitcoin volatility and regulatory uncertainty continued. It was speculated that a Bitcoin ETF might not be approved until 2023 or thereafter, according to one fund manager.

In the Mix: This Week’s Top FinTech Thought Leader

  • Aimena Alemán, Co-Founder and Chief Business Development Officer at fintech firm Prometeo, leading open banking API adoption throughout Latin America, was interviewed on “women in fintech.”
  • Sen. Elizabeth Warren, (D-MA) called for more stringent crypto regulation, amid recent ongoing volatility inBitcoin.
  • Jim Angel, Professor, Georgetown McDonough Business School, was interviewed regarding millennial investinghabits in an article “Crypto Demand From Millennials Poses Big Test For Robo- Advisors.”