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ARTICLE · 05 OCTOBER 2021

SEC Chair Highlights Asset Management Regulatory Developments

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SEC Chair Gary Gensler outlined regulatory developments in the "asset management space."

United StatesFinance and Banking
Hogan Lovells Cadwalader
Hogan Lovells Cadwalader
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SEC Chair Gary Gensler outlined regulatory developments in the "asset management space."

In a speech before The Future of Asset Management North America Conference, he highlighted the following:

  • Proxy Disclosures. Mr. Gensler described the SEC's proposal to increase proxy voting disclosures by registered funds.
  • Digital Engagement Practices. Mr. Gensler noted that asset managers are using predictive data analytics and other digital engagement practices ("DEPs") to develop bespoke financial products and tailored marketing for individual investors. He also cited the increased use of predictive data analytics algorithms by robo-advisers and investment advisers. Mr. Gensler raised concerns about conflicts of interest that may arise regarding whether market participants are using DEPs to maximize returns for investors, or to maximize the revenues of their platforms.

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