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28 Mar 2024, 12:39 pm by Kevin LaCroix
Just as the ESG-related claims have to a significant extent involved these kinds of greenwashing claims, the AI-related claims that have emerged so far have involved a very close corollary to greenwashing – that is, what SEC Chair Gary Gensler called “AI washing,” which is the alleged effort by some firms to portray themselves or their products or services as AI-enabled, in order to burnish their AI credentials at a time when AI is of keen interest to investors. [read post]
28 Mar 2024, 6:11 am by Alexander Abramenko
In a speech before the Yale Law School February 2024, SEC Chair Gary Gensler had AI top of mind. [read post]
28 Mar 2024, 5:11 am by Unknown
Jason Howard, J.D.The SEC has voted to modernize a 22-year-old rule by adopting amendments that apply to when investment advisers who provide advisory services exclusively over the internet can register with the SEC.In July 2023, the Commission voted 5-0 to issue the internet advisers proposal and, at that time, SEC Chair Gary Gensler explained that in 2002 the SEC granted a narrow exception allowing internet-based advisers to register with the Commission instead of with the… [read post]
24 Mar 2024, 10:00 pm
SEC Chair Gary Gensler previously analogized “AI washing” to “greenwashing” (referring to misleading statements about how eco-friendly a company is) and cautioned businesses to ensure they are not misleading the public about their AI use. [read post]
24 Mar 2024, 10:00 pm
SEC Chair Gary Gensler previously analogized “AI washing” to “greenwashing” (referring to misleading statements about how eco-friendly a company is) and cautioned businesses to ensure they are not misleading the public about their AI use. [read post]
24 Mar 2024, 10:00 pm
SEC Chair Gary Gensler previously analogized “AI washing” to “greenwashing” (referring to misleading statements about how eco-friendly a company is) and cautioned businesses to ensure they are not misleading the public about their AI use. [read post]
24 Mar 2024, 10:00 pm
SEC Chair Gary Gensler previously analogized “AI washing” to “greenwashing” (referring to misleading statements about how eco-friendly a company is) and cautioned businesses to ensure they are not misleading the public about their AI use. [read post]
24 Mar 2024, 10:00 pm
SEC Chair Gary Gensler previously analogized “AI washing” to “greenwashing” (referring to misleading statements about how eco-friendly a company is) and cautioned businesses to ensure they are not misleading the public about their AI use. [read post]
24 Mar 2024, 10:00 pm
SEC Chair Gary Gensler previously analogized “AI washing” to “greenwashing” (referring to misleading statements about how eco-friendly a company is) and cautioned businesses to ensure they are not misleading the public about their AI use. [read post]
24 Mar 2024, 9:01 pm by renholding
Today, Columbia is honoring Jack Coffee, a leader of securities law scholarship and policy. [read post]
24 Mar 2024, 11:08 am by Stuart Kaplow
To understand the crux of what is at issue in this judicial review one need to look no further than SEC Chair Gary Gensler’s own statement before the vote approving the Final Rule, which begins explaining, “Our agency .., was set up to be merit neutral. [read post]
22 Mar 2024, 6:37 am by Unknown
By Suzanne CosgroveAs the title of the hearing suggested, “SEC Overreach: Examining the Need for Reform,” the House Subcommittee on Capital Markets provided a two-hour forum Wednesday for its mostly Republican members to vent their displeasure with the SEC generally, and Chair Gary Gensler in particular.In a pre-meeting memorandum, the GOP-led committee said it had “significant concerns” about Gensler’s “rapid push to propose and… [read post]
20 Mar 2024, 2:53 pm by Kevin LaCroix
SEC Chair Gary Gensler set the stage in a speech he made last December in which he warned companies about “AI Washing” – that is, making unfounded AI claims to the public. [read post]
20 Mar 2024, 10:29 am by Dylan Gibbs
” Anticipating a trend, SEC Chairman Gary Gensler put out a video warning other companies about the risk of AI washing.💰 KPMG is coming for Big Law. [read post]
19 Mar 2024, 3:10 am by David Lynn
In one of his recent YouTube videos that I can never seem to get used to, SEC Chair Gary Gensler tackles the problem of investment advisers, broker dealers and public companies improperly touting the benefits of AI for the purpose of misleading investors. [read post]
16 Mar 2024, 6:30 am
In the SEC’s announcement of the new rules, SEC Chair Gary Gensler underscored the objective of enhanced investor protection and articulated a three-prong approach covering disclosure, the use of projections by issuers and issuer obligations. [read post]
16 Mar 2024, 6:30 am
In the SEC’s announcement of the new rules, SEC Chair Gary Gensler underscored the objective of enhanced investor protection and articulated a three-prong approach covering disclosure, the use of projections by issuers and issuer obligations. [read post]
13 Mar 2024, 6:30 am
During the third year of Chair Gary Gensler’s and Director of Enforcement Gurbir Grewal’s leadership, several key enforcement priorities for the SEC impacted and will likely continue to impact businesses across a range of sectors for years to come. [read post]