By Adrianne Appel2023-11-20T20:16:00
The Securities and Exchange Commission (SEC) has not yet implemented rules governing use of artificial intelligence (AI) but still expects regulated entities to adhere to commonly accepted practices, including disclosure, said an agency enforcement official.
The SEC has brought enforcement actions against broker-dealers whose AI systems went haywire or didn’t handle orders as intended, noted Carolyn Welshhans, an associate director in the SEC’s Division of Enforcement, during a panel at the agency’s Securities Enforcement Forum 2023 in October.
Firms that want to know how the SEC is currently regulating AI use can look at how the agency handles cybersecurity enforcement, Welshhans said.
2024-03-01T12:00:00Z By Adrianne Appel
Federal agencies, including the Securities and Exchange Commission, Department of Justice, and Federal Trade Commission, are taking every opportunity to warn firms that how they use—and represent their use of—artificial intelligence could result in violations.
2023-12-21T17:40:00Z By Kyle Brasseur
The Commodity Futures Trading Commission announced two appointments to its Division of Data designed to help the agency leverage analytics and emerging technologies to improve its policymaking and oversight efforts.
2023-12-06T17:27:00Z By Adrianne Appel
Finance executives and general counsel alike say their firms and leadership teams are unprepared for the risks and benefits of artificial intelligence, according to two recent surveys.
2025-07-10T19:31:00Z By Oscar Gonzalez
Google has once again been hit with an antitrust complaint. This time, it’s not about its Chrome browser or Google Search business, but instead the company’s use of AI.
2025-05-09T14:21:00Z By Ruth Prickett
Secure, resilient communications and trading platforms are critical both to financial services firms and to governments that know their economies depend upon them, says Corinna Mitchell, General Counsel at FS digital communications provider Symphony. That’s why her company is investing more in managing rapidly evolving compliance demands from multiple regulators ...
2025-02-03T12:00:00Z By Neil Hodge
Efforts to clarify the circumstances in which artificial intelligence models may or may not be violating the General Data Protection Regulation could result in yet more confusion for tech firms, companies deploying the technology, and even data protection authorities, according to experts.
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