SEC Settles Charges with Advisers for Marketing Rule Violations Related to AI Washing

Who may be interested: Investment Advisers – Quick Take: The SEC recently settled charges with two investment advisers, through separate orders, relating to each adviser’s alleged violations of Rule 206(4)-1 under the Advisers Act (the Marketing Rule) for making false and misleading statements concerning their purported use of artificial intelligence (AI), so-called “AI washing.”……
By: Seward & Kissel LLP