Broker-Dealer Issues Content

February 6, 2024—ICI Deputy General Counsel Sarah Bessin released the following statement regarding the Securities and Exchange Commission’s (SEC) vote to finalize rules to further define what it means to be a dealer under the 1934 Act:

November 3, 2023—Technological innovation in the financial services industry has driven huge benefits for Main Street investors, slashing costs and ushering in new investment opportunities. This innovation has taken place within a strong legal framework that protects investors.

On October 10, ICI filed a comment letter with the Securities and Exchange Commission (SEC or "Commission") on its proposal regarding conflicts of interest associated with the use of predictive data analytics (PDA) and other "covered technologies" by broker-dealers and investment...

On behalf of our members, we request that the Securities and Exchange Commission (the “Commission”) extend the comment period to the above-referenced proposed rules (the “Proposal”) for an additional 60 days. Collectively, our associations represent a wide range of market participants...

ICI released the following statement on a proposal from the Securities and Exchange Commission (SEC) aimed at addressing possible conflicts of interest in investment advisers' and broker dealers' use of predictive data analytics, AI, and other technologies.

In the April Commission Statement Relating to Certain Administrative Adjudications and the Second Commission Statement Relating to Certain Administrative Adjudications, the Securities and Exchange Commission (Commission or SEC) announced that there had been an ongoing internal breach...

The Investment Company Institute appreciates the opportunity to provide its comments on the proposal by the Securities Exchange Commission (the Commission or SEC) to require various SEC-covered entities, including broker-dealers and transfer agents, to adopt and implement written...