Trade surveillance provider SteelEye reports that it has made A.I.-based enhancements to Compliance CoPilot via large language models (LLMs) that provide analysis and actionable insights for compliance officers. The added decision-making capability is intended to target wrongdoers that “adopt increasingly sophisticated market manipulation tactics,” officials say. The enhanced Compliance CoPilot “enables analysts to prioritize high-risk… Read More >>
SEC Alleges Brokerage Put Client Concerns Second
The SEC reports that a Los Angeles-based broker-dealer, privately held Electronic Transaction Clearing (ETC), is settling charges that it “illegally placed more than $25 million of customers’ securities at risk in order to fund its own operations.” As part of the settlement, ETC, which is regarded as a carrying broker-dealer because it “maintains custody of… Read More >>
