On the recordNovember 8, 2023
Mr. Chairman, I rise in opposition to this particular amendment. Again, it is about protecting investors. The SEC's rule addressing conflicts of interest in the use of this so-called predictive data analytics by broker-dealers and investment advisers places a strong emphasis on protecting investor interests. This rule promotes unbiased decisionmaking by requiring firms to proactively manage and disclose conflicts associated with predictive data analytics. By addressing conflicts of interest, the SEC's rule contributes to market integrity and fairness, and that is what we need for the constant flow of capital to where it needs to go in this country. Mr. Chairman, I urge my colleagues to vote ``no,'' and I reserve the balance of my time.
