James Amler – Debevoise Data Blog

Artificial Intelligence

AI Enforcement Starts with Washing: The SEC Charges its First AI Fraud Cases

By: Andrew J. Ceresney, Charu Chandrasekhar, Avi Gesser, Arian June, Robert B. Kaplan, Julie M. Riewe, Jeff Robins, Kristin Snyder, Jonathan R. Tuttle, James Amler, Phil Fortino, Matt Kelly, Anna Moody, Stephan J. Schlegelmilch, Gabriel Kohan and Corey Goldstein March 19, 2024

On March 18, 2024, the U.S. Securities and Exchange Commission (“SEC”) announced settled charges against two investment advisers, Delphia (USA) Inc. (“Delphia”) and Global Predictions Inc. (“Global Predictions”) for making…

Increased Focus by Federal Regulators on AI and Consumer Protection in the Financial Sector

By: Courtney M. Dankworth, Avi Gesser, Gregory Lyons, James Amler, Caroline Novogrod Swett, Frank Colleluori, Adrian Gonzalez, Anna Gressel and Alexandra Mogul November 10, 2021

As financial institutions increasingly deploy artificial intelligence (“AI”), including machine learning and automated decision-making technologies, across their business lines, U.S. federal regulators have started to scrutinize the consumer protection implications…

Regulatory Risks for Not Disclosing Trading Algorithms – Five Takeaways from the SEC’s $170 Million Settlement with BlueCrest Capital

By: Avi Gesser, Robert Kaplan, James Amler, Anna Gressel, Steven Tegrar and Valerie Zuckerman January 12, 2021

Regulators in the United States and abroad are showing increasing interest in pursuing enforcement actions against companies that deploy artificial intelligence, machine learning, or algorithmic-based applications (“AI”) in a way…