AI Enforcement Starts with Washing: The SEC Charges its First AI Fraud Cases
Debevoise Data Blog
MARCH 18, 2024
These settlements are the SEC’s first-ever cases charging violations of the antifraud provisions of the federal securities laws in connection with AI disclosures, and also include the first settled charges involving AI in connection with the Marketing and Compliance Rules under the Investment Advisers Act of 1940 (“Advisers Act”).
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