SEC’s AI rule requirements to be costly exercise (IGNITES)

The price tag for the industry to meet the requirements of the SEC’s proposed artificial intelligence rule is projected by one member organization to be as high as $30 billion over the first 10 years of compliance. The SEC’s estimate, on the other hand, is much lower at $10 billion over the same period. Amy Lynch, FrontLine’s Founder and President, comments that the ultimate cost number will be both big and meaningful due to the…

Read More

So many rules…so little time (ThinkAdvisor)

The amount of SEC rulemaking underway has compliance and legal professionals raising concerns about the breakneck pace of unveiling new regulations. FrontLine Compliance Founder and President Amy Lynch points to the SEC’s Marketing Rule as an example of a rule that despite plenty of lead time, still has firms doing catch up on its requirements and without updated materials. Many of the SEC rules now being proposed are expected to have even shorter timelines for…

Read More