The SEC's Shot Across the Bow on 'AI Washing'
Briefly

from Coindesk8 months ago
SEC Chair warned against false claims of AI use by investment advisors and public companies.
Coindeskhttps://www.coindesk.com/consensus-magazine/2024/04/02/the-secs-shot-across-the-bow-on-ai-washing/
SEC charged and fined two investment advisors, Delphia and Global Predictions, for falsely touting AI technology.
Coindeskhttps://www.coindesk.com/consensus-magazine/2024/04/02/the-secs-shot-across-the-bow-on-ai-washing/
SEC emphasizes the importance of truthfulness to prevent AI washing in financial services.
Coindeskhttps://www.coindesk.com/consensus-magazine/2024/04/02/the-secs-shot-across-the-bow-on-ai-washing/
Fines totaling $400,000 were imposed on Delphia and Global Predictions as a warning against misleading claims about AI technology.
Coindeskhttps://www.coindesk.com/consensus-magazine/2024/04/02/the-secs-shot-across-the-bow-on-ai-washing/
Read at Coindesk
#sec #ai-washing #fraud-exposure #financial-services #regulation
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