SEC Advisory Panel Drops Plan to Criticize Predictive Data Rule -- For Now
Also, Gensler debates crypto oversight with securities lawyers; Tim Scott calls for Gruenberg to resign
In a surprising development, the SEC’s investor advisory committee balked at approving a set of recommendations – mostly negative – about the agency’s controversial proposal for regulating financial advisers’ use of predictive data analytics. The group said late this afternoon that it was in the process of revising its suggestions and needed more time t…