Client Alert

SEC Rulemaking: Proposed Rule on Use of Predictive Analytics, AI and Other Technologies

August 02, 2023

By John L. Budetti,

Ira Kustin,

Ryan Swan,& Scott Gluck

On July 26, 2023, the SEC proposed new rules applicable to registered investment advisers and broker-dealers (available here) intended to address certain conflicts of interest relating to the use of predictive analytics, artificial intelligence, and other covered technologies in interactions with clients.

The rule proposal joins a substantial slate of pending and in-process SEC rules that, if adopted, are expected to significantly increase compliance burdens and costs for registered investment advisers.

Click here for a PDF of the full text

Practice Areas

Investment Funds & Private Capital

For More Information

Image: John L. Budetti
John L. Budetti

Partner, Corporate Department

Image: Ryan Swan
Ryan Swan

Partner, Corporate Department

Image: Scott Gluck
Scott Gluck

Of Counsel, Corporate Department

Get In Touch With Us

Contact Us