Two 'RIAs' that allegedly falsely advertised using 'artificial intelligence' to aid investment decisions cough up real SEC settlements and censure

Accused of 'AI washing,' Delphia and Global Predictions are liable for $225k and $175k, respectively, after leading investors to believe that AI machines were madly carrying out valuable processes.

Author Brooke Southall March 20, 2024 at 3:53 AM

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Gary Gensler: When new technologies come along, they can create buzz from investors as well as false claims.

Keith Girard contributed to the editing of this article.

Two 'RIAs' that allegedly falsely advertised using 'artificial intelligence' to aid investment decisions cough up real SEC settlements and censure

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Two 'RIAs' that allegedly falsely advertised using 'artificial intelligence' to aid investment decisions cough up real SEC settlements and censure

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