'Most Radical' Rule in SEC's History. Robinhood Lambastes Data Analytics Proposal

Also, SEC's Crenshaw wants tougher oversight of syndicated loans; Chopra returns to White House for 'junk fee' crackdown; Republican senators urge GAO to investigate consolidated audit trail

Though it may have been overlooked initially, most of the financial industry is now sounding the alarm over the SEC’s move to regulate investment professionals’ use of artificial intelligence and predictive data analytics. That includes brokers, investment advisers, hedge funds, mutual funds, private equity – and the list goes on. And they are filling t…