SEC Contemplates a Redo for Controversial Broker AI Rule

Also, DOL fiduciary moves ahead; new watchdog at CFTC

The SEC’s plan to regulate how financial advisers use predictive data analytics has run into a wall of opposition – from most of the industry, lawmakers from both parties and groups representing minority investment professionals. The outcry may be having an effect. 

Sources inside and outside of the commission say there has been increasing discussion wit…