AI Changing the Game for Fixed Income, Equities: Pensions & Investments reports that generative artificial intelligence and advances in machine learning are

making an impact across equities and fixed income investing.

FINRA Says There are Deepening Industry Ties to Crypto: Investment Executive reports that there are now almost 400 U.S. brokerage firms that are involved in the crypto sector in one way or another — and much of their activity may be taking place on the fringes of regulators’ jurisdiction, according to the Financial Industry

Regulatory Authority.

Firms Hit by Huge SEC Record-Keeping Fines: The DI Wire reports that 26 broker-dealers, investment advisers, and dually registered broker-dealers and investment advisers were charged Wednesday by the Securities and Exchange Commission with widespread and longstanding electronic and communications record-keeping failures and agreed to pay fines totaling a combined $392.75

million.

Federal Court Strikes Down State ESG Regulations: Financial Advisor Magazine reports that a U.S. District Court in Missouri Wednesday handed SEC-registered investment advisors a victory that declared state regulations requiring advisors to file disclosures on environmental, social and governance investing to be unconstitutional and that states do not have the authority to impose substantive

regulations on registered advisors.

Second Federal Judge Blocks FTC Non-Compete Rule: Reuters reports that a federal judge in Florida has temporarily blocked a U.S. Federal Trade Commission rule that would ban agreements commonly signed by workers not to join their employers' rivals or launch competing businesses, becoming the second judge to

rule that the ban is likely invalid.

Senators Probe Social Security AI Use: ThinkAdvisor reports that top senators have asked the Social Security Administration to detail steps that the agency is taking to ensure that its AI systems “are being deployed responsibly, especially in contexts involving decisions about benefit eligibility and payment

amounts.”

Annual U.S. Budget Gap Exceeds $1.5 Trillion: The U.S. Treasury says the annual budget deficit was $1.52 trillion through July, with two months to go until the

end of the fiscal year, ThinkAdvisor reports.

DOL, SEC ESG Policies Could Change in Trump 2nd Term: Pensions & Investments reports that a second Trump administration would likely result in major changes at the Department of Labor and SEC when it comes to ESG-related

regulations.