The Financial Industry Regulatory Authority (FINRA) has welcomed artificial intelligence (AI) with open arms—and also caution.
The private, non-profit watchdog, which monitors 3,300 securities firms, about 625,000 broker-dealers and the market as a whole, uses AI in a multitude of ways. One prominent use case is to flag potential violations and wrongdoing, according to Feral Talib, executive vice president and head of market oversight at FINRA, told the audience at Compliance Week’s AI event, held Jan. 28 and 29 in Fort Lauderdale, Fla.
