In brief
On July 26, 2023, the SEC published new proposed rules and amendments (“Proposal“) to address certain conflicts of interest associated with the use of Predictive Data Analytics (PDA) by broker-dealers and investment advisers (firms) in interactions with investors. The wide-ranging Proposal would require firms to implement detailed policies and procedures to identify and “eliminate or neutralize” the effects of such conflicts of interest.
Click here to access the full alert.