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…
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,…
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…
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…
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…
