SEC proposal requires firms to remediate conflicts related to AI
A proposed SEC rule would require brokers and advisors to remediate conflicts of interest rated to firms' use of AI.
Source: investmentnews.com
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SEC's New Rules Target Algorithms and Gamification Tools That Encourage Trading
The SEC enhanced rules Wednesday that will impact trading platforms such as Robinhood (HOOD) that use predictive analytics to encourage trading. The move comes nearly two and a half years after 'gamification of trading' helped fuel the meme stock frenzy.
Source: investopedia.com
Wall Street's Use of AI and Data Analytics Faces New SEC Rules
The SEC approved a plan to root out what Chair Gary Gensler has said are conflicts of interest that can arise when financial firms use AI.
Source: wealthmanagement.com
SEC Votes to Require Material Incident Disclosure in 4 Days
U.S. federal market regulators adopted rules Wednesday that require publicly traded companies to disclose most "material cybersecurity incidents" within
Source: govinfosecurity.com
SEC passes new 'conflict of interest' rules governing how brokers can use AI
The United States Securities and Exchange Commission voted 3-2 along party lines to approve a series of proposals, including changes to existing laws surrounding conflicts of interest related to the use of data analytics tools by brokers.
Source: cointelegraph.com