Broker AI Rule Divides SEC Investor Panel

Also, Basel is the topic du jour at IIB meeting; FDIC's Hill urges regulators to move faster on tokenization

The SEC’s investor advisory committee finally approved a set of recommendations that call for narrowing the agency’s contentious proposal for regulating financial advisers’ use of artificial intelligence. But the decision revealed some sharp divisions on the influential panel and provoked impassioned dissents from two members — a state regulator and the…