The Rise of AI-Driven Investing in Retail Finance Generative artificial intelligence (“GenAI”) innovations are rapidly transforming the formulation, analysis, and delivery of investment advice. Many broker-dealers and investment advisers are…
On Thursday, September 25, 2025 the SEC held a webinar for large firms on Regulation S-P—the first of three compliance outreach events regarding its 2024 adoption of amendments to the…
Asset managers are increasingly incorporating AI into critical operations, such as investment, trading, valuation, reporting, and risk management, either through vendor solutions or in their own processes. As with any…
Allowing employees to use generative AI (“GenAI”) comes with significant risks—such as the loss of confidentiality over sensitive firm and client information, mistakes occurring in important documents or decisions, loss…
On April 9, 2025, the U.S. Securities and Exchange Commission (the “SEC”) and the U.S. Attorney’s Office for the Southern District of New York filed parallel actions against Albert Saniger,…
On February 20, 2025, the SEC announced the creation of the Cyber and Emerging Technologies Unit (“CETU”) to focus on “combatting cyber-related misconduct and to protect retail investors from bad…
On January 28, 2025, FINRA released its 2025 FINRA Annual Regulatory Oversight Report (the “Report”). As was the case in 2024, the Report highlights continuing and emerging trends in artificial…
As we approach the end of the year, here are the Top 10 SEC Cyber/AI posts on the Debevoise Data Blog in 2024 by page views. If you are not…
As we approach the end of the year, here are the Top 11 Artificial Intelligence (“AI”) posts on the Debevoise Data Blog in 2024 by page views. If you are…
While the SEC made an early foray into proposing rules to govern use of generative AI (Gen AI) by broker-dealers,[1] FINRA has been taking a more traditional approach to emergent…