ASC creates new economy division, appoints director

The Alberta Securities Commission (ASC) has established a new economy division.

Denise Weeres will act as director of the division, coordinating efforts across the ASC to facilitate capital raising by “new economy” companies entering the capital market, a release says, as well as anticipating and acting on issues and opportunities relating to emerging financial technologies.

Weeres most recently held the position of manager, legal, in the ASC’s corporate finance division.

In the release, Stan Magidson, chair and CEO at the ASC, says the new division reflects recent activity in Alberta’s capital markets.

“There are concerted efforts to diversify our economy, while global forces have led to rapidly changing market dynamics and the introduction of transformative financial technologies and products,” he says.

The new economy division reflects “our commitment to ensuring we meet the challenge of fostering innovation in these areas while maintaining strong investor protection,” he says.

Also read:

Global fintech investment tops US$31 billion in 2017: KPMG

81% of financial institutions to partner with fintech: survey

How to help senior clients avoid investment scams

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.