'Worst Rule Proposal.' Robinhood Gathering Lays Into SEC's Data-Analytics Plan

Also, CFPB's latest court loss shows Biden's regulators have a 'major questions' problem; credit unions pan consumer bureau in poll

It’s not just the Robinhood rule.

That was the message as a group of former SEC officials and top industry lawyers gathered at the firm’s Washington offices today to critique a recent agency proposal on brokers’ use of data analytics and artificial intelligence. The regulation, they emphasized, is so broad that it will hit pretty much any firm that manag…