Agencies largely stonewall GAO on audit of DOGE’s data practices
The watchdog isn’t sure if the public’s data was protected after the CFPB, SEC, NOAA and Education provided incomplete information and the SBA and VA didn’t engage…
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Securities and Exchange Commission
After financial agencies’ ‘Herculean effort’ on joint data standards, the wait begins
Data experts say the regulators’ final rule as part of the Financial Data Transparency Act is a boon for transparency and accuracy, but there’s still a ways…
Financial regulatory agencies have fallen behind on joint data standards
A new GAO report offers guidance to regulators that could lead to governmentwide data standards after the agencies missed a deadline required by the Financial Data Transparency…
New SEC, CFTC pact could accelerate existing data-sharing practices
Former agency staffers and experts believe the independent financial regulators’ MOU won’t “shake everything up,” but data and technology callouts bear watching.
SEC chair considers ‘innovation exemption’ for in-house AI testing
Paul Atkins told lawmakers he’s eyeing a “sandbox-like environment” for entrepreneurs. The idea seems to align with a bipartisan Senate bill and the White House’s AI Action…
SEC’s David Bottom steps down after nearly 6 years as CIO
Bottom’s departure comes after years-long stints in at least three different federal agencies.
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GOP lawmakers engaged with SEC watchdog on IT shop’s deletion of texts
House Financial Services Republicans have had “preliminary discussions” with the OIG regarding its report on erased messages from ex-Chair Gary Gensler’s phone.
SEC’s IT shop inadvertently deleted a year’s worth of texts from ex-chair’s phone
Messages from Gary Gensler’s device were accidentally wiped following a series of IT mistakes, per a report from the securities regulator’s inspector general.
Lawmakers renew push for enforcement-free AI testing at financial agencies
Financial regulatory agencies would house AI innovation labs to test projects without “burdensome regulation or expectation of enforcement actions” under the bipartisan, bicameral bill.
SEC chair says DOGE found $90M in cost savings, but public receipts don’t add up
A FedScoop analysis of DOGE data identified nearly $19M in cost savings claimed at the SEC by the insurgent tech group.