- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2023-04-12T16:25:00
A commissioner at the Securities and Exchange Commission (SEC) warned about “potential pitfalls” with structured data, which regulators and lawmakers have embraced as a way to make data accessible and easy to use.
In a speech Monday in Washington, D.C., before the RegTech 2023 Data Summit, SEC Commissioner Hester Peirce said the agency’s rollout of structured data requirements lacks a strategic plan, doesn’t adequately address the costs of creating structured data for smaller entities, and may create data that is not useful to the public.
Other pitfalls include “the dangers of embedding in rules technology that inevitably becomes outdated; and the likely result of making it easier for government to process data, which is to increase the appetite for collecting ever more data,” she said.
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2023-05-02T20:34:00Z By Aaron Nicodemus
Hester Peirce of the Securities and Exchange Commission argued materiality-based standards—not environmental, social, and governance standards—best suit investors’ needs during a recent speech.
2023-02-28T17:48:00Z By Aaron Nicodemus
Huntleigh Advisors and affiliate Datatex Investment Services agreed to pay $893,502 to settle charges laid by the Securities and Exchange Commission regarding failure to disclose conflicts of interest to their advisory clients over eight years.
2023-02-15T22:24:00Z By Aaron Nicodemus
The Securities and Exchange Commission proposed registered investment advisers be required to place nearly any asset, not just cash and securities, with qualified custodians, thereby expanding the scope of client assets.
2025-04-02T18:50:00Z By Aaron Nicodemus
The Securities and Exchange Commission (SEC)’s pivot in favor of crypto took another step as the agency indicated it wants to resolve a long-standing lawsuit against the crypto exchange Gemini.
2025-03-28T18:45:00Z By Aaron Nicodemus
The Securities and Exchange Commission’s Republican leadership is abandoning the climate-related disclosure rule package passed last year by Democrats, hoping that the courts will kill regulations already on life support.
2025-03-24T15:47:00Z By Aaron Nicodemus
The U.S. Treasury Department’s Financial Crimes Enforcement Network issued a final interim rule that eliminates beneficial ownership information reporting obligations for U.S.-based companies and persons.
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