The Securities and Exchange Commission’s Office of the Investor Advocate recently issued its fiscal year 2025 Report on Objectives. The Report is one of two annual reports required to be filed by the Investor Advocate with the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the
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FINRA Reminds Members of Regulatory Obligations When Using Generative Artificial Intelligence (AI) and Large Language Models
On June 27, 2024, the Financial Industry Regulatory Authority, Inc. (“FINRA”) issued Regulatory Notice 24-09 (the “Notice”) reminding member firms that FINRA’s rules and the securities laws apply to the use of artificial intelligence (“AI”), including large language models and other generative AI (“Gen AI”) technology, just as they apply when member firms use any
Hong Kong PCPD Issues Model Personal Data Protection AI Framework
The rapid development of Artificial Intelligence (AI) has generated much excitement over the past two years. Since the public launch of Open AI’s ChatGPT on 30 November 2022, generative AI and its capabilities have been at the forefront of the public consciousness, with AI making headlines on a daily basis.
However, the advancement and increased
Frequently Asked Questions for FINRA Member Firms on AI Use in Public Communications
Several days ago, FINRA released guidance updating its Frequently Asked Questions relating to Rule 2210 on Advertising and Public Communications to address Artificial Intelligence. This follows after FINRA has consistently been noting that the use of AI and AI tools should be addressed by member firms in their policies and procedures and may implicate their
SEC’s Upcoming Investor Advisory Committee Meeting: Finfluencers and AI
The Securities and Exchange Commission announced an upcoming meeting of its Investor Advisory Committee, which will be held on June 6, 2024. The agenda includes a number of interesting topics.
The Committee will consider and address the impact of “finfluencers.” The agenda notes that recent studies have found that these social media influencers who focus
Emerging Trends in Asset Management
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
White House Releases National Cybersecurity Strategy Implementation Plan, Version 2
On May 7, 2024, the Biden Administration released the second version of the National Cybersecurity Strategy Implementation Plan as well as the first Report on the Cybersecurity Posture of the United States. These actions reflect the Administration’s continued focus on enhancing the cybersecurity of critical infrastructure and software as well as its work to
Exploring AI’s Impact on Humanity: Practical Applications for Board Members
May 21, 202416:00 – 19:00 BSTRegister here.
Join the Nasdaq Center for Board Excellence and connect with fellow board members and CEOs for a discussion about the transformative role of artificial intelligence, ethics, governance, and strategies for a competitive advantage. Together with Mayer Brown, we look forward to welcoming you and sharing enriching conversations to
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
Will GenAi make derivatives markets safer and more efficient?
Artificial intelligence (AI) is transforming the financial industry, and the derivatives market is no exception. A new whitepaper from ISDA Future Leaders in Derivatives (IFLD), a professional development program for emerging leaders in the derivatives market, explores the potential use of generative artificial intelligence (GenAI) in the derivatives markets. GenAI is a branch of AI that