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First Circuit’s Reversal of Summary Judgment Clarifies Materiality Standard for Advisory Conflicts

A recent ruling may raise the bar for the Securities and Exchange Commission (SEC) in charging registered investment advisers for omissions of potential conflicts and seeking disgorgement, giving the defense bar additional...more

Artificial Intelligence, the SEC, and What the Future May Hold

With the growing use of artificial intelligence (AI) in financial markets, broker-dealers and investment advisers need to pay attention to the risks posed by AI on firms’ compliance with federal securities laws. While machine...more

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