Leading Expert Speaks at the School of Law on Technology in the Securities Industry

Professors Eric Chaffee and Juliet Kostritsky with Andrea Seidt and Co-Dean Michael Scharf

On Feb. 12, 2024, the Center for Business Law and the Institute for Compliance, Risk Management, and Financial Integrity hosted a lecture by Commissioner Andrea Seidt of the Ohio Division of Securities. Seidt presented: "Technology in the Securities Industry – Promoting Innovation Without Compromising Investor Protection."

Her lecture covered a wide range of emerging technologies and how they are interacting with the securities industry. She explored the accelerating growth of technology within our society, including the role of social media and podcasts in informing investors. She also provided insights on the robo-adviser industry, a topic on which she has previously published. She examined the state of the markets for cryptocurrencies and other digital assets and the potential applications of quantum computing, machine learning, and artificial intelligence to investing. Finally, Seidt highlighted areas of special regulatory concern, including data privacy, cybersecurity, model risk, governance, and consumer protection.

In speaking about the event, Eric Chaffee stated: “As someone who writes a treatise on Securities Regulation in Cyberspace, Seidt’s comments were thoughtful, extensive and deep.” He continued, “Investors in Ohio are lucky to have her on their side.”

Seidt has been a national leader in the field of securities regulation since her appointment as Commissioner in 2008. She is a past president of the North American Securities Administrators Association (NASAA) and currently serves on the Board of Directors of that organization. Prior to her appointment, she worked as an attorney at Jones Day and served as Deputy Chief Counsel for the Office of the Ohio Attorney General.

The Center for Business Law annually hosts the Ohio Securities Conference with the Ohio Division of Securities. The conference features leading securities industry regulators, commentators and other professionals discussing cutting-edge securities regulation issues. The fifty-first convening of the Conference will occur at the School of Law on Oct. 25, 2024.

The Center for Business law at Case Western, which is directed by Professor Juliet P. Kostritsky, is an initiative to prepare future leaders to understand business issues facing business entities, engage in research on the role and impact of government in the regulation of business and to foster public debate regarding the role of government in the regulation of businesses. The Compliance, Risk Management and Financial Integrity Institute—which is directed by Eric C. Chaffee—promotes cutting-edge research in the emerging field of compliance. The institute is designed to support Case Western Reserve University School of Law’s master and certificate programs in Compliance and Risk Management, which exist to meet the steadily increasing demand by businesses and government agencies for experts in the state, federal, and international laws and regulations that form the basis for the compliance industry.