In a Shift, SEC Investor Panel Now Offers Gensler Some Support on Predictive Data Rule

Also, SCOTUS will hear arguments on preempting state banking laws; PCAOB sets roundtable on auditor rule for spotting frauds; BPI's Ed Hill to join Forbes Tate

It seems safe to say that the SEC’s investor advisory committee still doesn’t love the agency’s contentious plan for regulating financial firms’ use of predictive data analytics. But in an updated set of draft recommendations about the proposal, the influential panel has softened its critique. Most importantly, the group backs away from its earlier view…