<img height="1" width="1" style="display:none;" alt="" src="https://dc.ads.linkedin.com/collect/?pid=319290&amp;fmt=gif">
Member Login

Advocacy in action blog

1 min read

SEC Proposal Would Blunt the Use of Financial Services Technology and Harm Consumers

By NAIFA on 10/9/23 8:53 AM

NAIFA has submitted a comment letter to SEC Secretary Vanessa Countryman sharing concerns about the SEC’s proposed rule on the use of predictive data analytics by financial professionals. The proposal, which would place new burdensome requirements on broker-dealers and investment advisers using a broad array of investments-related technology, would have a “devastating effect on our members and their primary clients: low- and middle-income savers and investors,” the letter states.

Topics: Legislation & Regulations Technology SEC Federal Advocacy