Dash Financial Technologies has appointed Venu Palaparthi as its new chief compliance officer (CCO) and head of regulatory affairs.
Palaparthi, who comes to Dash from digital asset electronic brokerage firm Tagomi Holdings, will be responsible for the company’s compliance strategy and setting the direction of its internal regulatory policies to meet government requirements.
Peter Maragos, co-founder and CEO of Dash, says Palaparthi’s experience greatly benefits Dash as new transparency reporting requirements come into force in May.
“Venu brings a depth of knowledge of securities industry regulation that is second to none, and we are thrilled to welcome him to the Dash leadership team,” Maragos said in a statement. “Venu’s experience in compliance and regulatory affairs will be key as new regulations—in particular, the enhanced Rule 606 transparency reporting requirements coming into effect in May—focus even more attention on the core tenets on which our business has been built.”
The Securities and Exchange Commission’s amended Rule 606 requires broker-dealers to provide customers with individualized disclosures on orders including rebates and fees paid by the broker to trading venues.
Palaparthi brings 25 years of industry experience to Dash. Prior to his work as CCO and head of regulatory and government affairs at Tagomi, he was also head of regulatory affairs at Virtu Financial and held senior positions at Nasdaq and Instinet. He started his career on the strategic marketing and operational review team at Reuters.
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