On April 15, 2024, Securities and Exchange Commission Division of Enforcement Director Gurbir Grewal delivered remarks during a Program on Corporate Compliance and Enforcement Spring Conference 2024. He addressed artificial intelligence (“AI”) and the concept of “AI-washing,” wherein public companies make overly positive, misleading or false claims in an effort to benefit from investor interest
Artificial Intelligence, the Movies and Hallucinations
In recent wide-ranging remarks punctuated with a number of movie references and analogies (some that I confess were lost on me), Securities and Exchange Commission Chair Gensler spoke about various aspects of Artificial Intelligence (“AI”). The Chair noted, as he has consistently, that AI may pose systemic risk or aggravate risks—Chair Gensler discussed herding and…
FINRA Publishes 2024 Annual Regulatory Oversight Report
New Topics and Content Highlight FINRA’s Increased Focus on Cybersecurity, Crypto Assets, Artificial Intelligence, Market Integrity, Off-Channel Communications and Other Key Risk Areas
On January 9, 2024, the Financial Industry Regulatory Authority, Inc. (“FINRA”) published the 2024 FINRA Annual Regulatory Oversight Report (the “Report”), which builds on the structure and content of FINRA’s prior reports…
Financial Stability Oversight Council 2023 Annual Report
The Financial Stability Oversight Council recently released its annual report. Not surprisingly, this year’s report reviewed the banking failures in the early part of the year. In discussing the “vulnerabilities in the banking sector” that resulted in the bank failures, the Report cited poor risk management practices and heavy reliance on uninsured deposits as…
Use of Digital Engagement Practices by Financial Market Participants
February 14, 2023 Webinar
1:00 pm – 2:00 pm ET
Register here.
Financial market participants increasingly rely on technological tools such as predictive data analytics, artificial intelligence (AI)/machine learning (ML), differential marketing and game-like features to provide financial services to customers. These tools, also referred to as Digital Engagement Practices (DEPs), are common features…
Artificial Intelligence & Financial Services Symposium
October 27, 2022 New York
8:00am – 5:30pm ET
Register here.
Our third Artificial Intelligence & Financial Services Symposium will resume on October 27, 2022. As in 2019, we will focus on the legal, contractual and regulatory aspects of using AI to deliver financial services. Topics will include:
- How Financial Institutions and Insurance Companies
Global Corporate VC Trends in 2020
CB Insights summarized 2020 corporate venture capital (“CVC”) financing trends in 2020 in its recent report. Globally, CVC-led deals raised over $73.1 billion in 2020 in 3,359 transactions. While global deal levels declined by 1.7%, CVC-backed funding rose by 24% year-over-year. CVC-backed funding increased by 24% year-over-year in the United States. The number of…
Fintech Companies Face Investment Company Status Challenges
Fintech companies can face a variety of regulatory challenges under the federal securities laws, including one that often receives minimal attention, namely a company’s status as an “investment company” under the US Investment Company Act of 1940 (the “1940 Act”). Fintech companies that possibly meet the threshold definition of “investment company” under the 1940 Act,…
Artificial Intelligence & Financial Services Symposium in San Francisco
Thursday, October 24, 2019
1:00 p.m. – 1:30 p.m. Registration
1:30 p.m. – 5:15 p.m. Program
5:15 p.m. Cocktail Reception
Virgin Hotels San Francisco
250 4th Street
San Francisco, CA 94103
Following rave reviews for our inaugural AI & Financial Services symposium earlier this year in Washington DC, we are excited to announce a follow-up…