Wall Street's top regulator on Wednesday was poised to adopt new rules requiring publicly traded companies to disclose hacking incidents, a measure officials said was being taken to help the investing public contend with the mounting cost and frequency of cyber attacks. The five-member U.S. Securities and Exchange Commission was also set to issue a proposal governing potential conflicts of interest in broker-dealers' use of artificial intelligence, a reform partly influenced by the events of the 2021 'meme stock' rally when officials found robo-advisers and brokers used AI and game-like features to drive trading.

https://business.inquirer.net/412476/us-sec-set-to-adopt-new-cyber-rule-unveils-brokerage-ai-proposal

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