Their report calls for new standards to mitigate potential harms from machine learning in trading. The Senate Homeland Security and Governmental Affairs Committee (HSGAC) recently released a report…
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Supreme Court Agrees to Nvidia Class Action Appeal
The company calls allegations of misleading revenue statements “speculative litigation.” The Supreme Court agreed to hear an appeal filed by Nvidia, which claimed that a revived class action…
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CFPB Director Urges Congress to Safeguard Consumer Data
Certain financial institutions have reportedly developed media relations for individually targeted marketing. Director Rohit Chopra of the Consumer Financial Protection Bureau (CFPB) has urged legislators to protect consumers…
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Treasury Department Requests Public Comment on Financial AI Policies
The agency seeks to increase understanding of current AI use within financial services. The Department of the Treasury recently released a request for information and insight on the…
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SEC Warns Crypto Broker of Possible Infractions
Brokerage companies claim cryptocurrency is not a security. The Securities and Exchange Commission (SEC) sent a “Wells notice” to Robinhood, a retailer securities broker. The document warned of…
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Treasury Coordinates with UK on Sanctions Against Iran, Hamas
The moves are based on the belief that Iran is financially supporting Hamas. The Treasury’s Office of Foreign Assets Control announced a third round of sanctions against Hamas-affiliated officials…
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Treasury Department Announces New Sanctions on Hamas
The goal is to cut off their access to funds. The Department of the Treasury announced a series of new sanctions against the terror group Hamas on Wednesday…
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SEC Chair Warns of AI Threat to Financial Systems
Investment advisors should not overly rely upon artificial intelligence for financial data interpretations. Securities and Exchange Commission (SEC) Chairman Gary Gensler recently warned of the current risks artificial…
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President Biden Seeks Tougher Penalties on Execs of Failed Banks
He wants Congress to levy legal and monetary penalties. President Biden has urged federal legislators to pass legislation for regulators that would hold the executives of failed banks…
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Treasury Department Developing Digital Dollar Technology
Legislators are looking at official cryptocurrency. The Treasury Department’s Under Secretary for Domestic Finance, Nellie Liang, said the administration is developing technology that would help create a central bank…
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