AI washing News

SEC to Increase Scrutiny of AI Tools Used by Financial Brokers, Advisers

The US Securities and Exchange Commission’s examiners will step up scrutiny of financial firms’ use of artificial intelligence next year, the latest sign of regulators’ growing concerns about the emerging technologies. Investment advisers, brokers, clearing agencies and others can expect …

SEC Charges 2 Investment Firms, Doles Out $400,000 in Fines, for ‘AI Washing’

The U.S. Securities and Exchange Commission this week said it settled charges against two investment advisers related to “AI washing.” The firms, Delphia Inc. and Global Predictions Inc, will pay a total of $400,000 in civil penalties for making false …