2023’s excitement for generative artificial intelligence (AI) prompted the SEC to respond on multiple fronts – stump speeches, rulemaking, new exam priorities and sweeps and previewing potential enforcement actions. SEC Chair Gary Gensler raised concerns regarding potential conflicts and investor harm resulting from the proliferation of AI and warned that an AI-caused financial crisis is nearly unavoidable
In this special series focused on legal case management software, host Emery Wager explores various case management companies to help firms make informed decisions. In this episode, we welcomed Jared Correia to the first-ever live recording of Financially Legal. Jared, the CEO of Red Cave Consulting and the Cofounder of Gideon Software, shared his experience
This was an extremely refreshing conversation with Anurag Dhingra, Chief Technology Officer and Head of Engineering at Webex by Cisco. He has a deeply technical background and has risen through the ranks to focus on the importance about generative AI in the workplace.
In today’s tech-dependent world, Cisco notes the importance of delivering tech with
In September 2023, the Consumer Financial Protection Bureau (CFPB) issued guidance on the use of artificial intelligence in issuing credit denials, a prevalent practice among lenders. The CFPB explained that when denying a credit application, lenders must provide a substantive reason behind the denial. The guidance further explains that the Equal Credit Opportunity Act (
As ESG-related litigation has developed, one definitive trend has been the emergence of litigation involving allegations of “greenwashing” – that is, claims alleging that companies overstated their ESG credentials in order to win business, attract customers, or score virtue points. To date, the greenwashing claims have emerged primarily in the U.S. and Europe.
Last week, when I wrote about two recent AI-related SEC enforcement actions, I noted that the SEC’s public statements when it announced the enforcement action settlements not only underscored the SEC’s AI-related concerns but also illustrated the kinds of issues that could lead to private securities litigation brought by investors who claim they were misled
Some readers may recall that at the end of last year, the New York Times very publicly sued OpenAI and Microsoft for copyright infringement, in connection with the defendants’ alleged use of the newspaper’s content for purposes of training chatbots and other AI tools. Although this kind of lawsuit is pretty far outside the blog’s
Fighting financial crime, protecting consumers’ needs, and bolstering wholesale markets are the regulator’s key priorities for the year ahead.
By Rob Moulton, Nicola Higgs, Becky Critchley, and Charlotte Collins
On 19 March 2024, the FCA published its Business Plan for 2024/25, setting out its priorities for the year ahead. While the
To understand the litigation and regulatory risks that are coming in 2024 for private capital, it is helpful to look back briefly on recent events. Arguably, the single most important event over the last 18 months was the rapid increase in interest rates by the central banks in the United States, England, and Europe. From
As you know from prior posts, if I do anything well, then it’s public self-deprecation. And, thus, I’m embarrassed to admit that I wrongly attributed the In re Carter (Bankr. N.D. Ga. Dec. 13, 2023) Sub V opinion to Judge Sage Sigler (Bankr. N.D. Ga.) instead of Judge Jeffery Cavender (Bankr. N.D. Ga.). How did I