The educational initiative is meant to help investors avoid scams. The Securities and Exchange Commission’s Office of Investor Education and Advocacy has launched a public awareness campaign called…
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Senate Committee Finds SEC and CFTC Oversight of AI Lacking
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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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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Biotech CEO Sentenced for Obstructing Investigation of Fake COVID-19 Tests
Keith Berman defrauded medical device investors and lied to the FDA. The CEO of a fraudulent California biotechnology company was sentenced to seven years of prison on Friday…
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SEC Pauses Climate Disclosure Investment Rule
The rule is currently the subject of lawsuits brought by state attorneys general. The Securities and Exchange Commission (SEC) announced that it will pause the implementation of its…
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SEC Fines Two Investment Firms for “AI Washing”
Chair Gensler says advisors should not claim to use AI when they do not. The Securities and Exchange Commission (SEC) fined two investment companies a combined $400,000 for…
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SEC Votes to Approve Emissions Disclosure Requirement for Investments
The rule will not apply to small businesses. The Securities and Exchange Commission (SEC) voted to pass a new climate disclosure rule for large and medium-sized companies offering…
Read MoreSEC 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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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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