us sec

US SEC chief Gary Gensler raises concern of financial crisis due to AI: Report

US SEC chief Gary Gensler raises concern of financial crisis due to AI: Report

The chairman of the US Securities and Exchange Commission (SEC), Gary Gensler, has expressed concerns about the potential risks posed by artificial intelligence (AI) in the financial sector, according to a report by Business Insider, citing Dealbook. In a recent interview with Dealbook, Gensler reiterated his previous statements on the topic of AI and financial …

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US SEC Creating Regulations to Govern AI Usage on Trading Platforms

US SEC Creating Regulations to Govern AI Usage on Trading Platforms

The use of artificial intelligence on trading platforms is being addressed by Wall Street’s top regulator through the development of new rules. Chair Gary Gensler of the US Securities and Exchange Commission stated in a speech on Monday that these technologies, such as predictive analytics and machine learning, also present challenges to financial stability, requiring …

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