SEC Committee Discusses Proposed Regulation of Financial AI

Opinions differ regarding the purpose of regulation. An advisory committee for the Securities and Exchange Commission (SEC) recently met to review the agency’s latest draft for a policy…

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DOE Invests in Expansion of Energy Workforce Training

17 assessment centers and 10 training centers were selected to receive funding. The Department of Energy (DOE) announced this month that it will distribute $40.8 million to 17…

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Legislation Introduced to Reauthorize Quantum Research

The previous authorization expired on September 30. House Science, Space, and Technology Committee members proposed a bill that would reauthorize the U.S. development of quantum research, funding for…

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Administration Updates Rules on Junk Fees in Retirement Planning

SEC regulation will close loopholes allowing advisors to recommend products that do not offer benefits. President Joe Biden and administration officials have announced tightened rules to clamp down…

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FTC Reports Increase in Social Media Scams

Latest figures show consumers have lost $2.7 billion since 2021. The Federal Trade Commission (FTC) recently released data regarding scams on social media, which have caused the greatest…

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5th Circuit Court Upholds Nasdaq Board Diversity Rule

Judges state the board information is important for transparency. The 5th Circuit Court of Appeals rejected the latest lawsuit filed by Edward Blum and upheld Nasdaq’s board diversity…

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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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Land Sales Around Air Force Base Under Review

CFIUS and USAF investigate an investment firm’s purchases of land over the past 5 years. The U.S. Air Force and the Committee on Foreign Investment in the United…

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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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Bipartisan Effort Made to Ban Stock Trading in Congress

The sensitive information federal legislators have access to creates a conflict of interest. Senators Kirsten Gillibrand of New York and Josh Hawley of Missouri have co-authored a bill…

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