SEC’s Gensler Warns AI Risks Financial Stability
- SEC on lookout for fraud, conflicts of interest, chair says
- Gensler cautions companies touting AI in corporate docs
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Wall Street’s top regulator says the proliferation of artificial intelligence means governments will probably have to overhaul regulations to maintain global financial stability.
Regulators must grapple with challenges posed by the burgeoning technology, according to US Securities and Exchange Commission Chair Gary Gensler. He also reiterated that the agency’s staff was weighing whether new rules were needed.