Regulation
AI Poses Unique Risks to Investors, SEC Chair Says
Conflicts can be easily concealed by complicated and evolving predictive technologies, Gary Gensler argued.
Tag: conflict of interest
Regulation
SEC Predictive Analytics Proposal Targeted by Senate Republicans
The proposal has been widely criticized by the financial industry for being too broad in its application.
Regulation
New SEC Proposal Would Limit Bulk Discounts for Exchange Trading
Exchanges would be forbidden from offering volume-oriented rebates or pricing for broker/dealer agency orders.
Regulation
Infrastructure Fund Adviser Penalized $1.6M by SEC for Fee, Conflict Violations
The firm allegedly failed to disclose conflicts of interest and loans between funds it was advising and managing.
Regulation
Safeguarding, AI Proposals Scrutinized by Lawmakers
Concerns about cash deposits and the definition of ‘covered technology’ dominate the criticisms of both rules.
Regulation
‘Transformative’ Artificial Intelligence May Still Present Conflicts of Interest
At a talk hosted by the National Press Club, SEC Chair Gary Gensler explained that while AI presents many economic opportunities, there is also major potential for conflicts of interest.
Regulation
SEC Targets Conflicts of Interest in Asset-Backed Securities in New Proposal
If adopted, the proposal would prohibit transactions that allow asset-backed issuers to benefit from an adverse event affecting the security.
Newsmakers
S&P Global Settles SEC Conflict of Interest Charges
Ratings agency agrees to $2.5 million fine over charges its sales and marketing team influenced analytics.
Manager Selection
CIO of New Jersey Police and Fire Pension Resigns
The resignation follows an ethics probe into his behavior at a previous pension fund.
Corporate Moves
St. Louis Pension Trustee Removed for Online Posts, Fraud Accusations
Former police sergeant made claims in Facebook posts that COVID-19 didn’t cause disabilities.
Newsmakers
CalPERS CIO Ben Meng’s Departure Linked to Questions on His Financial Disclosure
At issue: allegations of unreported stock transactions and also his holdings in three private equity firms the plan invested in, including Blackstone and Carlyle.
Risk
SEC Warns Private Equity Conflicts of Interest Can Harm Investors
Alert of higher fees charged comes as Department of Labor clears way for PE in 401(k)s.
Regulation
Morningstar to Pay $3.5 Million SEC Conflict of Interest Penalty
Analysts conducted both sales and ratings operations, the US securities regulator said.