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U.S. Firms Cautioned Over Regulatory Sandbox Hype

Loeb & Loeb partner Stephen Aschettino is quoted on regulators trying to better their understanding of innovation through engagement with the financial services industry. This article from Payments Compliance discusses U.S. financial innovators looking to take advantage of the much-hyped sandbox trend that have been told to “approach with caution,” amid warnings that engaging with the regulator may simply lead to unwanted additional attention.