I think everyone agrees that members of Congress should not engage in trading based on information they encounter. That is, everyone except members of Congress. There have been several attempts to limit congressional trading. None have made it to the floor for a vote. The current efforts are the Ban Congressional Stock Trading Act sponsored
Doug Cornelius Blogs
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Evil AI in Court Proceedings
A Minnesota court threw out an expert statement because it was generated by AI and included fake references. The case involved a Minnesota Stat. § 609.771 that bans people from using deepfake media to influence elections.
Jeff Hancock, a misinformation specialist and a Stanford University communication professor, used fake article citations generated by AI to
SEC Compliance Outreach Seminar
On Thursday November 7, the Securities and Exchange Commission produced an online compliance outreach program for registered investment adviser and investment companies. Here are a few notes and points that caught my attention. There were lots of video production issues and sound issues throughout the program.
It kicked off with a welcome from Chair Gensler,
Compliance Bricks and Mortar for May 17
These are some of the compliance-related stories that caught my attention this week.
The Board Member’s Oversight of AI Risk – Moving from Middle to Modern English
By Sean Dowd, Rich Kando, and Chris Crovatto, AlixPartners LLPHarvard Law School Forum on Corporate Governance
Risk assessments take on many forms, but there are three critical components
SEC Brings AI Washing Cases
Back in December, Chair Gensler gave a speech to an AI Summit and warned about companies overstating their use artificial intelligence tools. From there, you can see the SEC approaching the concerns as part of fundraising fraud and marketing fraud. Chair Gensler probably knew that the Securities and Exchange Commission was actively working on two
The One With Buzz
If you can grab the trading symbol “BUZZ” you should be able to make some money with it. Right? A company that owns beehives? or sells honey? or sells honey products? Or social buzz? VanEck Associates wanted to ride the social media wave and created an ETF that would
“Track the performance of the 75