Press Release (ePRNews.com) - NEW YORK - Mar 19, 2019 - Randee Pavalow, a member of KoreConX’s advisory board, was appointed to be a member of the Ontario Securities Commission (OSC) Fintech Advisory Committee. This is another example of the quality roles that our advisors play in working with regulators and the industry to encourage innovation.
The OSC administers and enforces compliance for the securities industry in Ontario and is aimed at protecting investors, fostering fair and efficient markets and contributing to the stability of the financial system. Ontario is the principal regulator for more than 80 percent of all Canadian Investment Funds and the OSC has specifically focused on addressing the emergence of new market sectors, including burgeoning fintech and cannabis industries and explosive growth in offerings involving digital assets.
Ms. Pavalow’s new role at the commission specifically focuses on the oversight and advisement of the developments in the fintech space in Ontario, as well as the unique challenges encountered by innovative businesses in the securities industry.
Ms. Pavalow has an impressive background in capital markets and is considered a thought leader on the topic. She is not new to the OSC. Between 2001 and 2007, Ms. Pavalow acted as director of capital markets, when she managed a group of 90 staff members and provided strategic direction and leadership.
“Having Ms. Pavalow appointed to the Ontario Securities Commission only reiterates the quality of our advisory board. She is an extremely valuable resource for us, as she is to the capital markets industry as a whole,” said Oscar Jofre, co-founder and CEO at KoreConX. “We are confident she will make a positive impact on the digital securities space – expanding opportunities without compromising security and compliance.”
The Fintech Advisory Committee meets quarterly, with members serving at the minimum a one-year term.
KoreConX is the world’s first highly secure permissioned blockchain ecosystem for fully compliant digital securities worldwide.
To ensure compliance with securities regulation and corporate law, the KoreConX all-in-one, AI-based blockchain platform manages the full lifecycle of digital securities including the issuance, trading, clearing, settlement, management, reporting, corporate actions and custodianship. KoreConX connects companies to the capital markets and secondary markets facilitating access to capital and liquidity for private investors.
KoreConX is the first secure, all-in-one platform for private companies to manage their capital market activity and stakeholder communications. Removing the burden of fragmented systems and inefficient tools across multiple vendors, KoreConX offers a single environment to connect companies, investors and broker/dealers. Leveraged for investor relations and fundraising, private companies can share and manage corporate records and investments including portfolio management, capitalization table management, virtual minute book, security registers, transfer agent services and virtual deal rooms for raising capital.
Oscar A Jofre