SEC Urged To Drop 'Irreparable' Predictive Data Rule Proposal

By Sarah Jarvis (September 19, 2023, 10:14 PM EDT) -- A group of retirement and financial industry trade groups urged the U.S. Securities and Exchange Commission on Tuesday to withdraw a proposal targeting brokerage firms' and investment advisers' use of predictive data analytics, pointing to "numerous irreparable flaws" they said would cause any eventual rule to be struck down by a judge....

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