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With the growing use of artificial intelligence (AI) in financial markets, broker-dealers and investment advisers need to pay attention to the risks posed by AI on firms’ compliance...
Financial industry trade groups have made moves to protest the SEC’s “Conflicts of Interest Associated with the Use of Predictive Data Analytics by…
A new survey from the legal technology company Clio found that clients tend to be “more optimistic” about the use of generative AI than the lawyers that represent them, according to a write-up of Clio’s findings in the ABA Journal. The tech company’s finding contrasts with a previous survey from Pew Research that determined public anxieties about AI to be a major hurdle for companies looking to utilize AI technology. Financial industry trade groups have made moves to protest the SEC’s “Conflicts of Interest Associated with the Use of Predictive Data Analytics by Broker-Dealers and...
On July 26, 2023, the Securities and Exchange Commission (“SEC”), in a 3-2 vote, issued a release (the “Release”) containing proposed rules to address conflicts of interest associated...
The SEC has proposed new rules designed to regulate potential conflicts of interest associated with broker-dealers’ and investment advisers’ use of certain AI-related technologies in...