The Securities and Exchange Commission has withdrawn several rules proposed initially during the Biden administration, including a rule intended to rein in firms’ conflicts of interest when using AI. This “predictive data analytics” rule would have required firms to “eliminate or neutralise” conflicts if using those data tools (such as AI) could place firms’ interests ahead of clients.
Click here for the official article/release
Disclaimer
The Legal Wire takes all necessary precautions to ensure that the materials, information, and documents on its website, including but not limited to articles, newsletters, reports, and blogs (“Materials”), are accurate and complete. Nevertheless, these Materials are intended solely for general informational purposes and do not constitute legal advice. They may not necessarily reflect the current laws or regulations. The Materials should not be interpreted as legal advice on any specific matter. Furthermore, the content and interpretation of the Materials and the laws discussed within are subject to change.
