Swing Pricing, Predictive Analytics, Safeguarding SEC Proposals to be Re-Proposed
The SEC aims to try again with its rules on predictive analytics and safeguarding by year’s end and for swing...
Tag: Gary Gensler
SEC Considering Modified Version of Much Maligned Predictive Data Analytics Proposal
The regulator’s chair noted that withdrawing the proposal is not under consideration.
SEC’s Gensler Seeks to Clarify Mutual Fund Swing Pricing Proposal
The Chairman suggested that the regulator might opt for liquidity fees instead of swing pricing for open-end funds and also...
Digital Assets Legislation Passes House of Representatives
The bill would define the jurisdictions of the SEC and CFTC for crypto assets but it is likely to be...
Gensler Defends Predictive Analytics to Skeptical Audience
SEC Chairman Gary Gensler addressed the investment community’s concerns anxiety about regulation of predictive data analytics, including artificial intelligence, at...
Broker/Dealers Will Be Required by SEC Rule to Disclose More Information on Execution Quality
Rule amendments finalized this week will require broker/dealers to share more information on the quality of stock order executions and...
Safeguarding Proposal Remains Unpopular in Investment Industry
The same criticisms of the proposal linger, but the SEC is continuing to push ahead.
‘You Know What the Rules Are,’ Gensler Tells Crypto Industry
The oft-critical SEC chair repeated that the cryptocurrency industry is unusually non-compliant with securities laws.
SEC Proposes Partial Ban on Volume-Based Discounts for Brokers
The ban would prevent exchanges from offering volume-based pricing schemes to brokers for agency trades, a practice the SEC sees...
SEC Exam Priorities Require Advisers to Account for Client-Specific Needs in Recommendations
The regulator also listed expensive, complicated and illiquid investment recommendations as coming under increased scrutiny in 2024.
SEC Would Suspend Rulemaking, Enforcement During Potential Shutdown
Comment periods would remain open for the AI and safeguarding proposals, but comments would not be reviewed in real time.
Funds’ Portfolios Must Reflect Their Name, SEC Says
New rule means funds will have to derive 80% of their value from investments related to their official names.
Swing Pricing Proposal on Shaky Ground as Bipartisan Opposition Solidifies
Of all the SEC proposals facing pushback, the swing pricing proposal for mutual funds is taking the most heat from...
Congress, Industry Push Back on SEC’s AI, Safeguarding Rule Proposals
The proposal would require advisers to eliminate conflicts related to a wide range of computational technology.
Florida Man Buys Massive Black Diamond with Ill-Gotten Crypto Gains, SEC Says
The SEC alleges that Richard Heart offered unregistered cryptocurrency and spent investor assets on personal luxury goods.
SEC Proposal Would Require Elimination of Conflicts When Using AI and Similar Technology
The proposal applies to the use of wide range of technologies, including predictive analytics, that might put the firm’s interests...
Gensler: SEC Will Continue Enforcement Against Crypto Companies
Securities and Exchange Commission Chair Gary Gensler testified that cryptocurrencies are a “highly speculative asset class” and that the crypto...
SEC’s Gensler Says AI Can Create Conflicts of Interest
The SEC chair said that an AI program that even accounts for the interests of the adviser could present conflicts...
House Appropriations Bill Would Block Safeguarding and Swing Pricing Proposals, Among Others
The legislation also targets the climate disclosure and market structure proposals.
Gensler Defends Swing Pricing Proposal at ICI Conference
Managers who asked the Fed for help during the pandemic but who oppose swing pricing should “look in the mirror,”...