The Cusip lawsuit: A love story

With possibly three years before the semblance of a verdict is reached in the ongoing class action lawsuit against Cusip Global Services and its affiliates, Reb wonders what exactly is so captivating about the ordeal.

For those hoping for a swift resolution to the ongoing lawsuit centered on the Cusip numbering system, life is full of disappointments.

After federal judge Katherine Polk Failla published her opinion and order that the case be allowed to proceed based on antitrust concerns, the three defendant firms—S&P Global, FactSet (and its acquired subsidiary, Cusip Global Services), and the American Bankers Association—each defended their positions in three separate filings through the Southern District

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SEC squares off with broker-dealers over data analytics usage

The Gensler administration has ruffled feathers in the broker-dealer community with a new proposal seeking to limit their use of predictive data analytics. But at the heart of this deal is something far more seismic: one of the first attempts by the SEC to regulate AI.

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