SEC Launches Broad Sweep Into Wall Street's Use of AI, Raising Questions About Broker Conflicts Rule

Also, Republicans likely to press Gensler on Menendez's communications with SEC enforcement chief; bipartisan group of lawmakers urges SEC to 'immediately' approve Bitcoin ETF

SEC examiners are conducting a sweep of investment advisers and brokerage firms, seeking details about their use of machine learning, algorithms and artificial intelligence. The effort, relayed by several sources that have received inquiries or were told firsthand about the information requests, is targeting both retail firms and big hedge funds, the pe…