Ex-SEC Official Who Studies Predictive Data Discusses Brokers' 'Netflix Problem'

Also, non-banks again have reason to fear FSOC; Elliott sues SEC for not turning over records underpinning activist rules

Friday Q and A: It took most of the finance industry a bit of time to focus on the SEC’s proposal to regulate how financial advisers use predictive data analytics and artificial intelligence. But once firms dug in, a fierce resistance quickly developed.

While online brokers like Robinhood Markets have led the charge, the opposition now includes hedge fun…