NEW
YORK, Dec. 14, 2023 /CNW/ - Galaxy Digital
Holdings Ltd. (TSX: GLXY) ("Galaxy") is pleased to announce that
Galaxy Asset Management's Chief Compliance Officer, Lagan
Srivastava, has been appointed to the Financial Industry Regulatory
Authority (FINRA) FinTech Committee.
The committee, which consists of 15 individuals drawn from
member firms, academia, industry participants, plus observers from
the Securities and Exchange Commission (SEC), and the North
American Securities Administrators Association (NASAA), provides a
platform for ongoing dialogue and analysis of FinTech developments
related to investor protection, market integrity, challenges to the
adoption of FinTech products or services, and opportunities for
continued innovation.
"I'm honored to be representing Galaxy on the FINRA FinTech
Committee and playing a role in advancing meaningful, common-sense
regulations for the digital asset industry," said Ms. Srivastava.
"Galaxy has always embraced the highest standards of integrity,
transparency and protection for our clients, and we look forward to
using that as a model for the broader industry."
As a not-for-profit organization dedicated to investor
protection and market security, under SEC supervision, FINRA
regulates brokerage firms that conduct business with the public in
the United States. This includes
writing rules, examining for and enforcing compliance with FINRA
rules and federal securities laws, registering broker-dealer
personnel and offering them education and training, and informing
the investing public on relevant developments.
Haimera Workie, Vice President and Head of the Office of
Financial Innovation at FINRA, added, "The input of FINRA's
committees plays a critical role in developing rules and policies
that align with FINRA's mission of investor protection and market
integrity. As a self-regulatory organization, FINRA deeply values
the contributions of all who lend their time and expertise to
participate in this important process."
This appointment reaffirms Galaxy's dedication to collaborating
with U.S. regulators to drive innovation while ensuring investor
protection and market integrity. Today, Galaxy is regulated by
nearly 40 federal, state, and international regulators, and we
remain dedicated to conducting business in the U.S. and other
relevant jurisdictions within the legal and regulatory bounds
prescribed. Galaxy will continue to engage with legislative and
regulatory stakeholders at federal and state levels, domestically
and internationally, and have members of its legal and compliance
department represent the Company before the governments on both an
advocacy and education basis.
About Galaxy Galaxy (TSX: GLXY) is a digital asset and
blockchain leader providing access to the growing digital economy.
We serve a diversified client base, including institutions,
startups, and qualified individuals. Since 2018, Galaxy has been
building a holistic financial platform spanning three complementary
operating businesses: Global Markets, Asset Management, and Digital
Infrastructure Solutions. Our offerings include, amongst others,
trading, lending, strategic advisory services, institutional-grade
investment solutions,
proprietary bitcoin mining and hosting
services, network validator services, and the development of
enterprise custodial technology. The company is headquartered in
New York City, with global offices
across North America, Europe, and Asia.
Additional information about Galaxy's businesses and products is
available on www.galaxy.com
About FINRA
FINRA is a not-for-profit organization dedicated to investor
protection and market integrity. It regulates one critical part of
the securities industry—brokerage firms doing business with the
public in the U.S. FINRA, overseen by the SEC, writes rules,
examines for and enforces compliance with FINRA rules and federal
securities laws, registers broker-dealer personnel and offers them
education and training, and informs the investing public. In
addition, FINRA provides surveillance and other regulatory services
for equities and options markets, as well as trade reporting and
other industry utilities. FINRA also administers a dispute
resolution forum for investors and brokerage firms and their
registered employees. For more information, visit
www.finra.org.
Disclaimers
The TSX has neither approved nor disapproved the contents of
this press release.
SOURCE Galaxy Digital Holdings Ltd.