2 Investment Firms To Pay SEC $400K For 'AI Washing'

Tue Mar 19 02:47:02 PDT 2024

2 Investment Firms To Pay SEC $400K For 'AI Washing'
<https://www.law360.com/technology/articles/1814677?nl_pk=2bd720dd-746c-4744-a18e-064b9f9347d4&utm_source=newsletter&utm_medium=email&utm_campaign=technology&utm_content=2024-03-19&read_main=1&nlsidx=0&nlaidx=11>

By Katryna Perera

The U.S. Securities and Exchange Commission on Monday said it had reached
settlements totaling $400,000 with a pair of investment advisers over
claims that they made false and misleading statements about their use of
artificial intelligence.

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<https://www.law360.com/technology/articles/1814677?nl_pk=2bd720dd-746c-4744-a18e-064b9f9347d4&utm_source=newsletter&utm_medium=email&utm_campaign=technology&utm_content=2024-03-19&read_more=1&nlsidx=0&nlaidx=11>
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