Nextgov.com
3 months agoArtificial intelligence
SEC chair: Existing financial law can be applied to AI regulatory debate
The SEC may have a role in regulating AI based on existing securities law, particularly in relation to AI-based financial tools and brokers in an automated trading environment.
The SEC believes that investment firms using AI models should abide by basic disclosures and put in place guardrails to protect investors, such as testing AI models to minimize risks and prohibiting illegal investment strategies. [ more ]