Should the SEC turn to a third-party organization to help it increase the number of exams?
The SEC chair calls AI 'the most transformative technology of our time,' but emphasizes the agency's focus on fraud.
Temporary relief from onsite inspections runs out at the end of this year, so firms are hoping the SEC moves quickly on the proposals.
Joseph Michael Todd of Florida stole at least $3 million from 20 customers, according to the regulator.
The proposed rule would require certain brokerages to compute the net cash they owe customers and other B-Ds on a daily, rather than weekly, basis.
The firm was also ordered to return $8.25 million to retail customers.
The Labor Department's advice rule is likely to lead to controversy over whether a recommendation to roll funds from a 401(k) to an IRA constitutes advice.
The Alabama Securities Commission issues a cease-and-desist against two men who scammed 88 victims out of more than $22.5 million.
The SEC is working on proposed rules related to artificial intelligence and other technologies, and Senate Majority Leader Chuck Schumer has announced a framework for AI legislation.
Reps traded excessively in 110 customer accounts, racking up close to $4 million in commissions and trading costs.
