Chair Gensler says advisors should not claim to use AI when they do not. The Securities and Exchange Commission (SEC) fined two investment companies a combined $400,000 for…
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SEC Votes to Approve Emissions Disclosure Requirement for Investments
The rule will not apply to small businesses. The Securities and Exchange Commission (SEC) voted to pass a new climate disclosure rule for large and medium-sized companies offering…
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SEC Committee Discusses Proposed Regulation of Financial AI
Opinions differ regarding the purpose of regulation. An advisory committee for the Securities and Exchange Commission (SEC) recently met to review the agency’s latest draft for a policy…
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Administration Updates Rules on Junk Fees in Retirement Planning
SEC regulation will close loopholes allowing advisors to recommend products that do not offer benefits. President Joe Biden and administration officials have announced tightened rules to clamp down…
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5th Circuit Court Upholds Nasdaq Board Diversity Rule
Judges state the board information is important for transparency. The 5th Circuit Court of Appeals rejected the latest lawsuit filed by Edward Blum and upheld Nasdaq’s board diversity…
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SEC Chair Warns of AI Threat to Financial Systems
Investment advisors should not overly rely upon artificial intelligence for financial data interpretations. Securities and Exchange Commission (SEC) Chairman Gary Gensler recently warned of the current risks artificial…
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America’s Credit Rating Downgraded
Treasury Secretary Yellen objects to reduction even as the nation may borrow $2 trillion by yearend. Fitch Ratings, Inc. downgraded its rating of the stability of the federal…
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SEC Rule Requires Cyber Incident Reporting
Officials say it will benefit companies and investors. The Securities and Exchange Commission has adopted a new rule under which companies will have to disclose the nature, scope,…
Read MoreSEC Dismisses 42 Cases Regarding Data Access
Enforcement staff viewed legal materials meant for in-house court The Securities and Exchange Commission (SEC) recently announced that it dismissed 42 of its enforcement cases linked to inappropriately…
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SEC Head Testifies Before House Financial Services Committee
Congressional chairman questions climate and cryptocurrency decisions. Gary Gensler, the Chair of the Securities and Exchange Commission (SEC), testified before the House Financial Services Committee this week, his…
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