Multiple trade associations urged the SEC to withdraw its proposal requiring broker-dealers and investment advisers to eliminate or neutralize conflicts of interest associated with the use of predicative data analytic technologies.
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The Managed Funds Association criticized the economic analysis included in an SEC proposal to require reporting of large positions in security-based swaps.
The Investment Company Institute questioned the necessity of the SEC’s proposed amendments to the "Names Rule" in light of requirements which already prohibit misleading fund communications.
SIFMA Asset Management Group criticized an SEC proposal to amend the "Names Rule" for investment companies. According to the SEC, the proposal would prevent investment companies from using names that may be potentially deceiving.
In response to an SEC request for comment on broker-dealer and investment adviser digital engagement practices, SIFMA asserted that existing regulations are sufficient to address potential misconduct.