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When Algorithms Rule Finance: SEC Fears AI-Driven Conflict of Interest

When Algorithms Rule Finance: SEC Fears AI-Driven Conflict of Interest
The US Securities and Exchange Commission (SEC) is set to introduce rules requiring broker-dealers and investment advisers to address conflicts of interest that may arise from their use of predictive data analytics and similar technologies. This is an effort to ensure the protection of investors, preventing firms from prioritizing their interests over those of investors.In a separate update also published yesterday (Wednesday), SEC proposed amendments that would modernize regulations for investm... Read More
Posted: Jul 27 2023, 07:34
Author Name: financemagnates
Views: 080884

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