Securities and Exchange Commission Chair Gary Gensler has provided new details about the commission's use of artificial intelligence, according to a report by CoinTelegraph. Gensler addressed the topic in his testimony on Sept. 12 before the U.S. Senate Committee on...
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Month: September 2023
Judge approves settlement in lawsuit over Wells Fargo unauthorized accounts
A federal judge has approved a settlement in which Wells Fargo will pay $1 billion to the plaintiffs in a class-action lawsuit, AdvisorHub reports. Under the accord, authorized last week by US District Judge Jennifer L. Rochon, Wells Fargo agreed to compensate...
FINRA remote supervision proposal draws continued opposition
The Financial Industry Regulatory Authority is still facing some opposition over its efforts to allow remote supervision of registered representatives, InvestmentNews reports. Despite several revisions to the proposal, the North American Securities Administrators...
SEC updates list of firms using misleading information to solicit investors
The Securities and Exchange Commission announced last week that it has updated its list of firms that are using misleading or inaccurate information to solicit primarily non-US investors. The SEC said it is adding 29 soliciting entities, three impersonators of genuine...
NASAA issues report on compliance by brokerages with Regulation Best Interest
The North American Securities Administrators Association has issued a report examining how firms are complying with Regulation Best Interest, according to WealthManagement. The analysis was conducted by NASAA’s Broker-Dealer Section Committee as part of the...
