Artificial intelligence is an exciting, new technology and it is well-regulated by old laws and rules already on the books, financial regulators said at Compliance Week’s AI & Compliance Summit.
The laws and rules of the Securities and Exchange Commission (SEC) are based on principles that have been in effect for 100 years, said Colin Forbes, assistant director of the SEC’s Division of Enforcement. These include having a reasonable basis when making assertions, including about any potential benefits of AI.
