Republican senators blasted a range of SEC rule proposals Tuesday — from mutual fund reform to a measure targeting advisor and broker conflicts when using artificial intelligence — while the agency’s leader assured them he is listening to critics. During a Securities and Exchange Commission oversight hearing before the Senate...
Washington is sprinting to keep pace with the AI revolution. So where does that leave Wall Street? Adobe, IBM, Nvidia and a handful more technology companies signed President Joe Biden’s voluntary commitments governing artificial intelligence this week. The document requires steps such as watermarking AI-generated content and other assurances aimed at...
The Securities and Exchange Commission said Tuesday it reached a settlement with digital alternative investments platform YieldStreet of $1.9 million, with the company facing SEC allegations of failing to disclose critical information to investors in a $14.5 million asset-backed securities offering involving a ship that was to be taken...
Top US companies have focused their firepower for much of the past two years on opposing a US Securities and Exchange Commission plan that would require them to disclose greenhouse gases and climate-related financial risks. In doing so, they’ve overlooked a California bill passed Tuesday that’s poised to have an even bigger impact. As the world’s fifth-largest economy,...
A vial of the Moderna coronavirus booster vaccine targeting BA.4 and BA.5 Omicron subvariants is pictured at Skippack Pharmacy in Schwenksville, Pennsylvania, Sept. 8, 2022.Hannah Beier | ReutersAn independent advisory panel to the Centers for Disease Control and Prevention on Tuesday recommended that all Americans ages 6 months and...
Jamie Hopkins, managing partner of wealth solutions at Carson Group, is stepping down for family reasons at the end of September. The $28 billion RIA, backed by Bain Capital, says it fully supports Hopkins’ decision. “We will begin a search immediately to backfill his role,” Burt White, managing partner and chief...
Jeffrey Coolidge | Photodisc | Getty ImagesThe IRS is launching plans with boosted technology and artificial intelligence to collect unpaid taxes from higher earners, partnerships and large corporations — which could transform tax compliance or spark challenges for the agency, experts say. After past criticisms of low audit rates among...
An employee of Aurora Deutschland GmbH, a manufacturer of medical Cannabis products, inspects a flowering Cannabis plant in a greenhouse in Leuna, Germany September 11, 2023. Lisi Niesner | ReutersMarijuana-related ETFs are soaring in September as investors flood back into the sector after months of waning interest.The upswing in the...