October 16, 2023 1 min read

CFA Supports SEC Proposal to Ensure that Financial Firms Do Not Use Technology in Ways That Place Firms' Interests Ahead of Investors Interests

Default News Placeholder 6

In a letter to the Securities and Exchange Commissioner (SEC), CFA offered strong support for a proposal to address conflicts of interest associated with the use of predictive data analytics by broker-dealers and investment advisers. According to the letter, the proposal correctly recognizes that technology-driven conflicts of interest are too complex and evolve too quickly for the vast majority of investors to understand and protect themselves against, there is significant likelihood of widespread investor harm resulting from technology-driven conflicts of interest, and that disclosure would not effectively address these concerns.

Testimonies & Comments

Default News Placeholder 6
Consumer Groups Oppose Addition of Segway Language Until Hearing on Safety Issues
Default News Placeholder 6
CFA Opposes McConnell Medical Malpractice Amendment
Default News Placeholder 6
Letter to President Bush on HHS Study of Medical Malpractice Insurance Rates
Default News Placeholder 6
Testimony of Travis Plunkett Regarding Medical Malpractice Insurance Rates