Companies should be avoiding false or misleading claims about their use of artificial intelligence technologies in their operations, Securities and Exchange Commission Chair Gary Gensler said. According to The Global Treasurer, Gensler discussed the topic during a...
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Securities and Compliance
Lawsuit filed against SEC challenging regulation of digital assets
A lawsuit has been filed against the Securities and Exchange Commission challenging the agency's authority to regulate digital assets, according to a Blockworks report. The suit was filed last month in U.S. District Court for the Northern District of Texas by Fort...
Lawmakers urged to fight efforts to block funding for DOL fiduciary rule
Supporters of the Department of Labor's new proposed fiduciary rule are lobbying to prevent the measure from being delayed or defunded, according to WealthManagement. The proposal is called the Retirement Security Rule: Definition of an Investment Advice Fiduciary. It...
Northwestern Mutual hit with $16.5 million in penalty in SEC messaging case
Three Northwestern Mutual subsidiaries will pay the highest penalty among firms that were charged with recordkeeping violations by the Securities and Exchange Commission, according to AdvisorHub. The case involves 16 firms who paid a total of over $81 million in civil...
SEC Chair Gensler discusses agenda for the remainder of his term
Securities and Exchange Commission Chair Gary Gensler discussed his agenda for the remainder of his term in an interview published last week in AdvisorHub. Gensler was sworn in in April 2021 for a five-year term as head of the SEC, and has said he plans to stay on in...