SEC Chair Gary Gensler identified new challenges and risks posed by artificial intelligence to market participants and the greater financial system.
News & Insights
On May 24, 2023, representatives from J.P. Morgan, Wells Fargo, Sia Partners and Fried Frank hosted a complimentary virtual seminar on the SEC's proposed rule changes that would require the majority of participants in the U.S. Treasury and Repo Markets to centrally clear secondary market transactions. The webinar is now available to view on demand.
The Investor Advisory Committee reviewed draft recommendations on (i) single-stock exchange-traded funds, (ii) proposed amendments to certain reporting requirements and (iii) third-party oversight of investment advisers.
The SEC reopened the comment period on a proposed rule to require reporting of large positions in security-based swaps. SEC staff provided additional analysis on proposed thresholds in the rule.
An investment adviser settled SEC charges for failure to (i) disclose conflicts of interest related to its ownership of special purpose acquisition companies and (ii) file timely and accurate reports.