Gensler Signals SEC Will Redo Broker AI and Custody Rules

Also, Gruenberg has better day in Senate; Justices save CFPB again; SEC adopts rule on data breaches; Senate votes to overturn crypto accounting guidance

In a big win for the financial industry, Chair Gary Gensler indicated that the commission will re-propose two of the most controversial rules on his agenda – one on brokers’ use of artificial intelligence and the other on safeguarding customer assets. The move pretty much ensures that neither will be completed this year. And it could spell the end of th…