WASHINGTON (Reuters) -The U.S. Securities and Exchange Commission on Monday dropped its emphasis on the oversight of companies offering crypto asset-related services as part of its priorities for examining Wall Street firms for the current fiscal year, according to an annual statement published by the agency.
The SEC's Division of Examinations, which scrutinizes the legal compliance of investment advisers, broker-dealers, clearing agencies, stock exchanges and others, said it would focus on fiduciary duty, standards of conduct, and asset custodyas well as new requirements for customer data privacy, among other subjects.
