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…
Read MoreSecurities and Exchange Commission
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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Legislators Agree Bank Closure Fallout Requires Action
Promise to subpoena SVB CEO after two-week district break Senators began a two-week break to do local work in their respective states, but not before communicating their agreement…
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Senator Questions Oversight of Twitter Purchase
Inquires about CEO possibly using Tesla money to fund social media. Senator Elizabeth Warren of Massachusetts wrote a letter to Tesla’s board chair Robyn Denholm this week expressing…
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Federal Trade Commission Investigating Crypto Firms
Officials looking into allegations of deceptive conduct. The Federal Trade Commission said they have opened investigations into unspecified cryptocurrency firms over allegations of “possible misconduct.” The commission has received…
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Inter-Agency Working Group Presents Progress Report
Rules and enhancements proposed to strengthen Treasury market. The Inter-Agency Working Group on Treasury Market Surveillance (IAWG) issued its staff progress report this month, outlining ways they have moved…
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Group of Senators Send Inquiry to SEC
Concerns expressed regarding high employee turnover. Twelve U.S. Senators recently sent a letter to the chair of the Securities and Exchange Commission (SEC) Gary Gensler, inquiring into the…
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