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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
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.
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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.
2024-06-21T18:28:00Z By Aaron Nicodemus
A new report on the use of artificial intelligence in financial services predicts that the technology will drive profits, disruptions, and change over the next decade.
2024-05-08T13:06:00Z By Aaron Nicodemus
Three experts join the Compliance Week podcast to discuss opportunities and risks posed by artificial intelligence, as well as governance frameworks your organization can implement to ensure AI tools are utilized safely and ethically.
2024-05-06T20:23:00Z By Adrianne Appel
Microsoft published a public report covering its artificial intelligence endeavors and steps it is taking to make the controversial technology safe.
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