Predictive Data Analytics Content

February 6, 2024—ICI President and CEO Eric Pan released the following statement after Senate Committee on Commerce, Science & Transportation Ranking Member Ted Cruz (R-TX) and Senator Bill Hagerty (R-TN) introduced the Protecting Innovation in Investment Act.

On July 26, 2023, the SEC proposed new rules (the "Proposal") that would require broker-dealers and investment advisers (collectively, "firms") to take certain steps to address conflicts of interest associated with their use of predictive data analytics (PDA) and similar technologies...

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...