3 days ago
SEC shrinks, renames crypto enforcement unit
Significantly smaller enforcement unit will cover non-compliance, fraud and cybercrime in crypto, AI, social media, other emerging technologies
Flip from broker to adviser account cost clients up to 10x in fees
Trump-era SEC signals it won’t fight overturn of signature issue of Gensler’s SEC; ESG fund rule also likely dead in the water
Reuters reports major investigations must be cleared through commission now lacking those backing enforcement most fiercely
Task Force goals set by ‘Crypto mom’ include fraud prevention, tailored regulation, reasonable, not hands-off enforcement
SEC attorneys serving probationary periods may be exempt from OPM demand for lists of new hires for possible layoff, Reuters reports
Senate committee cancels vote on Crenshaw renomination due to ongoing fight over crypto and GOP opposition
Deborah Jackson becomes vice chair as board shrinks to 12 members
2 months ago
Industry presses for post-Gensler changes at SEC
New administration, resignations of Gensler, Lizárraga promise big changes in strained relationship between industry, regulators
Fund directors can stay ahead of the rapid rise of AI in the investment industry by understanding what fund managers want the AI to do
