As more companies incorporate the use of artificial intelligence into their practices, regulators are taking steps to address the growing trend, according a report in Better Markets. One example cited was the Securities and Exchange Commission's proposed new rules...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
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Lawmakers urged to fight efforts to block funding for DOL fiduciary rule
Supporters of the Department of Labor's new proposed fiduciary rule are lobbying to prevent the measure from being delayed or defunded, according to WealthManagement. The proposal is called the Retirement Security Rule: Definition of an Investment Advice Fiduciary. It...
Slump expected to continue for non-traded real estate investment trusts
A decline in sales of non-traded real estate investment trusts (REITS) is expected to continue in 2024, according to InvestmentNews. A non-traded REIT is a private real estate investment vehicle not listed or traded on a public exchange. Non-traded REITs are designed...
Charles Schwab asks Department of Labor to withdraw fiduciary rule proposal
Charles Schwab has asked the Department of Labor to withdraw its proposal that would revise the definition of an investment advice fiduciary, according to Financial Advisor. The DOL made the proposal in November under the Employee Retirement Income Security Act. It...
Study finds shortcomings in ability of AI models to analyze SEC filings
A new study has examined the ability of artificial intelligence models to analyze filings from the Securities and Exchange Commission, CNBC reports. The research, conducted by startup Patronus AI, found shortcomings in large language modes (LLMs) similar to the one...
