Industry accuses SEC of ‘outright hostile’ regulatory approach to technology

September 13, 2023 by John Hilton

Industry trade organizations blasted the Securities and Exchange Commission’s “continued war on technology” in a comment letter addressing a new SEC rule proposal.

Thirteen trade and industry groups, including the U.S. Chamber of Commerce, signed the Monday letter urging the SEC to withdraw its proposed rule, Conflicts of Interest Associated with the Use of Predictive Data Analytics by Broker-Dealers and Investment Advisers.

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Originally Posted at InsuranceNewsNet on September 12, 2023 by John Hilton.