SEC Settlement Focuses on Misleading Statements on AI natlawreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from natlawreview.com Daily Mail and Mail on Sunday newspapers.
In the fast-evolving world of finance and technology, the recent settlement between the U.S. Securities and Exchange Commission (SEC) and two investment advisers.
On March 18, the US Securities and Exchange Commission (SEC) announced the first AI-related settled actions against two investment advisers Delphia (USA) Inc. and Global Predictions.
On March 15, FinCEN issued an administrative ruling affirming that broker-dealers must comply with CIP and CDD requirements when distributing to a beneficiary of IRA funds inherited as part of a charitable estate.
The SEC settled charges last week against two investment advisers for making false and misleading statements about their purported use of artificial intelligence (AI), including claims.