Speaking at the recent conference on Emerging Trends in Asset Management hosted by the SEC’s Division of Investment Management, the Director the Division of Investment Management Natasha Vij Greiner cited a number of statistics from the SEC’s recently published “Registered Fund Statistics.” She cited the rapid growth of the asset management industry—now comprised of more
A ‘Byte-Sized’ Breakfast Discussion: Cybersecurity Risk Management Strategies and Regulator Expectations
May 21, 20248:30 a.m. – 10:00 a.m. ETRegister here.
Join us for breakfast and a ‘byte-sized’ discussion of emerging cybersecurity risks and regulator expectations for the securities industry. We will:
- Delve into emerging cybersecurity threats and defenses, including API security and vendor risk;
- Discuss the current regulatory framework and proposed SEC cybersecurity risk management
This Week In Securities Litigation (Week of April 29, 2024)
Last week the Commission filed four new enforcement actions. One centered insider trading, another on an offering fraud, a third on the sale of unregistered securities and a final action involved claims about artificial intelligence. The agency also prevailed on …
This Week In Securities Litigation (Week of April 29, 2024)
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Commission Charges CEO of AI Company with Fraud
Artificial intelligence is one of the hot topics of the day. Sometimes it seems that it is only the topic. No doubt that will continue, at least until another subject emerges to take its place. Now however, the Commission has … Commission Charges CEO of AI Company with Fraud Read More »
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The Corp Fin Staff Speaks on Cyber and AI Disclosures: 5 Things
A few weeks ago, PLI held its annual “SEC Speaks” in DC and this year was more interesting than usual given all the rulemaking the SEC has done recently. [I worked in Corp Fin right out of law school in 1988 and back then, the entire Corp Fin was invited to attend the conference for
The 3 E’s for Proactive Compliance Against AI-Washing
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
An Investment Adviser and AI
Artificial intelligence is a key topic of conversation these days. From a one-time little discussed idea, it is now being bantered around as if AI were about to take over the world at any moment. There s in fact little …
An Investment Adviser and AI
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SEC Charges Two Investment Advisers with Making False and Misleading Statements About Their Use of Artificial Intelligence
The Securities and Exchange Commission today announced settled charges against two investment advisers, Delphia (USA) Inc. and Global Predictions Inc., for making false and misleading statements about their purported use of artificial intelligence (AI).…
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Disruptive Technology Strike Force: Year in Review
On February 16, 2023, almost one year after the onset of Russia’s full-scale invasion of Ukraine and among increasing scrutiny of broader geopolitical threats to US supply chains, the US Department of Commerce’s Bureau of Industry and Security (BIS) and the Department of Justice’s National Security Division (NSD) announced the creation of the “Disruptive Technology
Will I Be Replaced by ChatGPT?
After reading about it for months, I finally signed up for the free version of Open AI’s ChatGPT and decided to ask it the following basic question that has come up frequently in my law practice:
If I am forming an LLC to purchase real property in New York, should I organize the LLC in