Regulatory Alerts2023-08-09 | 2023-16377Added · Updated
Conflicts of Interest Associated With the Use of Predictive Data Analytics by Broker-Dealers and Investment Advisers
The Securities and Exchange Commission proposes new rules under the Exchange Act and Advisers Act to eliminate or neutralize conflicts of interest arising from broker-dealers' and investment advisers' use of predictive data analytics technologies. These proposed regulations require firms to identify, determine, and mitigate conflicts associated with technologies that optimize for, predict, or direct investment-related behaviors. The Commission also proposes amendments to existing recordkeeping rules to ensure firms maintain specific records in accordance with these new conflict management requirements.
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