Relevant industry content we've curated covering a wide range of topics
SEC warns firms to get their AI house in order
STP’s Lori Weston, Director of Product and Strategy was mentioned in FinancialPlanning’s SEC warns firms to get their AI house in order.
The SEC might have stepped back from a new proposal meant to make advisors responsible for eliminating conflicts of interest in AI-generated investing recommendations. But artificial intelligence, machine learning, and similar technologies remain top concerns for the industry watchdog, as evidenced by a report on examination priorities released Monday.
Lori says the concerns extend to third-party firms who might use AI to provide outsourced services to advisory firms. This is particularly true for vendors who provide help with investment selection and management.
“Advisors should review their overall policies regarding the supervision and oversight of all third-party providers, with a particular focus on the third-party provider’s use of AI,” Weston said. “In today’s interconnected environment, AI risks can infiltrate a firm’s operations via third-party vendors.”
Read more about this article and what Lori shares here.
SEC’s 2025 Priorities Include Fiduciary Conduct, AI Use
STP’s Lori Weston, Director of Product and Strategy was mentioned in planadviser’s SEC’s 2025 Priorities Include Fiduciary Conduct, AI Use.
The Securities and Exchange Commission will prioritize fiduciary conduct, compliance, and the use of artificial intelligence, among other things, as examination priorities in 2025, the regulator’s division of examinations announced Monday.
AI Usage Top Priority for SEC Examiners in 2025
STP’s Lori Weston, Director of Product and Strategy was mentioned in WealthManagement.com’s AI Usage Top Priority for SEC Examiners in 2025.
Examiners at the Securities and Exchange Commission are investigating advisors’ integration of artificial intelligence into their operations, including portfolio management, trading, marketing, and compliance.
Congratulations to Our NICSA Nova Emerging Leaders!
We are thrilled to announce that three exceptional members of our team at STP Investment Services have been recognized with the prestigious NICSA Nova Emerging Leaders Award: Kaisha Schnoll, David Likens, and Sam Landset. This honor highlights their remarkable contributions to our firm and the broader financial services industry.
STP launches ComplianceAdvisor to meet increasing regulatory needs
STP’s Dan Houlihan, CEO, shared insights with Private Funds CFO reporter Jennifer Banzaca on the launch of STP’s ComplianceAdvisor.
Dan noted that while STP has in the past offered some basic compliance services, they were only offered to institutional firms who outsourced some or all of their investment operations to STP. STP ComplianceAdvisor greatly expands STP’s capabilities as well as its outreach, offering comprehensive regulatory and compliance services to address the ever-evolving regulatory landscape for all investment advisers; including hedge funds, private equity advisers, wealth managers and family offices.
STP Featured in Private Funds CFO
STP’s Dan Houlihan, CEO, and Dan Ceneviva, Head of Product and Technology, shared insights with Private Funds CFO reporter Jennifer Banzaca on the debut of BluePrint.
Dan Ceneviva highlighted how firms and fund managers often deal with multiple fund structures – open-end, and closed-end strategies, and many use disparate systems and tools within the same fund. Going on to say that those types of systems add operational complexities since they often don’t communicate with each other.
Dan Houlihan highlighted STP’s plans to provide other analytics and insight features in further platform updates.
Read more on Dan Houlihan and Dan Ceneviva’s comments and why STP launched BluePrint here.
STP Mentioned in Bloomberg: Britain Is Targeting 2027 for T+1 Switch
STP is proud to be mentioned in Bloomberg on Britain Is Targeting 2027 for T+1 Switch, with Or Without EU.
The group spearheading the UK’s shift to a faster trading regime is preparing for the possibility that the country makes the switch in advance of the European Union, a move that could create a litany of headaches for financial professionals across the region.
STP’s BluePrint named a Finalist for FinTech of the Year
STP is thrilled to announce that we have been named a finalist for the 2024 US FinTech Awards in the FinTech of the Year category for our BluePrint product, positioning us among the nation’s top innovators.
The US FinTech Awards celebrate the best in financial services and technology, recognizing companies that demonstrate exceptional innovation and enhance operational efficiency. Selection is made by a panel of independent experts who evaluate the transformative impact of these organizations.
STP Mentioned in Ignites
STP is proud to be mentioned in Ignites on ICI: Zero Confidence in T+0.
The trade group has joined with SIFMA and DTCC in warning against advancing to same-day settlement, saying it would be too costly and disruptive to trading infrastructure.
Marketing Rule Violations Continue
Marketing Rule violations continue…nearly two years after the Marketing Rule’s compliance effective date, the SEC’s continues to employ a balanced approach, alternating between issuing Risk Alerts and levying fines, to drive home the message that non-compliance will not be tolerated.
STP Mentioned in Mergers & Acquisitions
STP is proud to be mentioned in Mergers & Acquisitions September/October M&A Magazine on LP’s Focus on Value. STP’s Dan Ceneviva, Head of Product and Technology discussed how it is not just more detailed data that is being demanded but the different types of data being added to what’s already expected.
Dan goes on to say that Wealth Managers are allocating more of their Ultra-High Net Worth’s capital into these funds, and there’s a growing expectation from those investors to receive the type of information that a typical retail investor is used to receiving and should be able to understand. Secondly, GPs are getting more detailed requests from LPs in the due diligence process, which includes more details about past performance and track record.
Quick Guide: Trade Settlements at STP
As an end-to-end investment operation and technology service partner, STP’s trade settlements service can help you gain efficiencies with your operational tasks.
