Given that the SEC has proposed a new rule targeting the use of AI by investment advisers and broker-dealers, Regulatory Compliance Watch has created this page to assemble all of our AI content in one place.
Artificial Intelligence (AI)
LATEST AI COVERAGE
SEC Chairman Atkins says firms using AI are responsible for missteps
"That means that firms remain responsible for the outcomes of the tools that they deploy and for informing investors of how those tools are used. For our part at the SEC, we will not dictate which models firms must use, nor will we cement today’s technology as the standard for tomorrow"
AI: Who needs hallucinations?
When it comes to staff use of AI, make a determination whether they’re being too conservative or too aggressive with the technology
More compliance guidance for AI use
Understand what your controls are before permitting any PII to be used in an AI program. You could lose control of these sensitive records
SEC Chairman Atkins discusses the role of AI at the SEC
"We established the SEC’s AI Task Force in August to facilitate the development and deployment of AI across the Commission. This includes tools to conduct risk assessments for potential examination; to detect potential market misconduct, such as fraud and rule violations; to review disclosures with greater speed and efficiency; to react to public input on new proposals; and to evaluate market-wide risks that bear upon our capital markets"
AI: IM director issues ‘request for engagement’
The SEC is turning to the public for help regulating AI
SEC IM Director Daly on AI and the future
"We want to work with advisers, investment companies, and other market participants to enable new technologies to come online, and to work with you on understanding how the industry can do that and still retain traditional investor protections"
