SEC Staff to Provide Recommendations on AI Regulations, Says Chairman Gensler
AI has been a topic of interest for Gensler lately, and this likely marks the first confirmation that the SEC is already working on the issue.
Regulation
Chamber of Commerce Sues SEC to Stop Stock Buyback Disclosure Rule
The business advocacy group says the SEC is trying to deter stock buybacks by making them more time-consuming, not trying to protect investors.
FINRA, SEC Detail Enforcement Priorities in Reg BI, BE Exams
Officials from the two regulatory groups outlined common missteps discovered while enforcing regulations covering conflicts of interest and trade execution.
Connecticut Leaders Agree to Reform State Pension System
Governor says changes will save the state and its cities more than $840 million over 31 years.
SEC Chairman Stresses Importance of Regs BI, BE at FINRA Conference
Gensler also defended the SEC’s market structure proposals and discussed the future of artificial intelligence in the financial industry.
PBGC Provides Supplemental Assistance to Teamsters Local 966
The plan previously received more than $50 million in December 2022.
After Years of Planning, UK Finally Authorizes First CDC Pension Plan
The Royal Mail finally received authorization for a plan it proposed in 2018 after closing its defined benefit plan.
House Republicans Seek to Block Funding for SEC Regulatory Agenda
House Financial Services Committee Chairman Patrick McHenry requested that five SEC rule proposals and planned hires not be funded in appropriations process.
British Regulators Issue LDI Guidance So ‘Necessary Lessons Are Learned’
The Pensions Regulator and the Financial Conduct Authority aim to prepare LDI investors for future volatility.
Comment Period for SEC’s New Safeguarding Rule Expires Monday
The rule would apply beyond securities to assets such as cryptocurrency and commodities.
SEC Adopts Amendments to Form PF
Certain hedge fund and private equity fund advisers will now have to report specific triggering events to the SEC.
PBGC Bails Out Service, Manufacturing, Transportation Pension Funds
The three plans will receive more than $600 million for back payments and to protect their solvency through 2051.
Stocks Are ‘Perfect Hedge’ Against Inflation, Siegel Says
Economist and Wharton School professor Jeremy Siegel likes stocks as the safest investment this year.
PBGC Bails Out Bakery Driver, Newspaper Plans
The two pension plans will receive more than $300 million in SFA relief.
Kansas Governor Allows Anti-ESG Bill to Become Law
Laura Kelly neither vetoes nor signs bill, permitting its implementation despite ‘reservations about the potential unforeseen consequences.’