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SEC's AI Proposal Could Harm US Markets, Industry Warns

By Jessica Corso ( October 10, 2023, 6:47 PM EDT) -- Broker-dealers and investment advisers are pressuring the U.S. Securities and Exchange Commission to withdraw a proposed regulation targeting artificial intelligence-backed trading advice, arguing Tuesday that eliminating the use of some AI technology could lead to industry consolidation and harm the global competitiveness of U.S. capital markets....

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