Binance Appoints Former FINRA Regulator Seth Levy as Head of Market Surveillance

The team at digital assets firm Binance recently noted that they are pleased to announce the appointment of Seth Levy, formerly from Citadel LLC and the Financial Industry Regulatory Authority (FINRA), “as Binance’s Head of Market Surveillance.”

Seth will be responsible for overseeing efforts “to build and implement a surveillance infrastructure and system that is tailored to address risk associated with trading digital assets worldwide.”

His work will aim to “safeguard Binance users against fraud and manipulation.”

With the hire of Seth Levy, Binance ensures that “it remains at the forefront of enhancing public confidence in the crypto industry.”

Seth brings “a wealth of experience of over 20 years, from both the regulatory and business worlds.”

Most recently, Seth was “the Global Head of Market Surveillance at Citadel and Citadel Securities.” In this role, Seth was responsible “for designing, scaling, and managing the global surveillance function across all financial instruments.”

Prior to joining Citadel, Seth spent 16 years “with the Financial Industry Regulatory Authority (FINRA).”

In his most recent role at FINRA, as the Senior Director of Trading Analysis within the Market Regulation Department, Seth was “responsible for leading the team responsible for designing and conducting surveillance of the U.S. Equities markets, investigating misconduct, and examining the firm’s compliance with rules and regulations.”

Seth said:

“I’m really looking forward to working with the team to extend Binance’s already excellent surveillance capabilities to the next level. Our goal is to ensure that Binance users are protected from any form of nefarious activity or bad actors. We will work to further proactively engage regulators and other market participants to strengthen market integrity, user protection, and enhance public confidence in the crypto market,”

Binance is also pleased to welcome Steven McWhirter, formerly from Financial Conduct Authority (FCA), as their Director of Regulatory Policy.

Steven will lead the firm’s global regulatory policy team as they continue “to provide users with access to world-changing innovations within a safe, secure and stable ecosystem.”

Steven joins Binance “with over 20 years in financial services and regulation, both as a supervisor and policymaker.” He spent over nine years “with the FCA and 12 years in regulatory compliance at the Gambling Commission.”

In his most recent role in FCA, Steven was “in the Data, Technology and Innovation Division as the Strategy and Engagement manager.”

He participated in “the making of FCA’s crypto guidance and also led policy working groups focusing on the UK, EU and other countries.”

He also supported innovation “in financial services by managing the Secretariat of the Global Financial Innovation Network (GFIN), a network of over 75 regulators and observers globally.”

Steven’s significant experience “in fostering innovation through policymaking, for both crypto and the wider financial sector, boosts the capabilities of Binance’s rapidly growing regulatory team.”

Serving as Binance’s first Director of Regulatory Policy, Steven will “oversee a world-class regulatory policy team and ensure that Binance meets the regulatory obligations to the highest standard.”

Steven will also “work closely with industry leaders, policymakers, and regulators globally to contribute to the development of a sustainable regulatory framework.”

Steven remarked:

“Regulation is regarded as an important and necessary component in the lifecycle of all innovative sectors. My efforts will support Binance by ensuring that the regulatory global compliance is enhanced in tandem with crypto and blockchain innovation. Leading Binance’s regulatory policy team will allow me to leverage my experience as a former conduct regulator to create a sustainable crypto ecosystem with consumer protection and market integrity at its heart.”

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