Kristin Snyder – Debevoise Data Blog

Artificial Intelligence

Top 10 SEC Cyber/AI Blog Posts for 2024

By: Andrew J. Ceresney, Charu A. Chandrasekhar, Luke Dembosky, Avi Gesser, Eric T. Juergens, Arian June, Robert B. Kaplan, Erez Liebermann, Sheena Paul, Benjamin R. Pedersen, Marc Ponchione, Jeff Robins, Paul Rodel, Julie M. Riewe, Kristin Snyder, Jonathan R. Tuttle, Phil Fortino, Matt Kelly, Anna Moody, Stephan J. Schlegelmilch, Johanna Skrzypczyk, Suchita Mandavilli Brundage, Kelly Donoghue, Andreas A. Glimenakis, Alice Gu, John Jacob, Gabriel Kohan, Talia Lorch, Ciera Mandelsberg, Noah L. Schwartz, Ned Terrace and Mengyi Xu December 12, 2024

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…

Artificial Intelligence

FINRA Issues Brief Reminder on Managing Generative AI Risk in Supervisory Tools

By: Charu A. Chandrasekhar, Avi Gesser, Matt Kelly, Jeff Robins and Kristin Snyder July 1, 2024

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…

Artificial Intelligence

SEC Targets AI Washing in Private Capital Markets: “Old School Fraud Using New School Buzzwords”

By: Andrew J. Ceresney, Charu A. Chandrasekhar, Avi Gesser, Julie M. Riewe, Kristin Snyder, Matt Kelly and Suchita Mandavilli Brundage June 14, 2024

On June 11, 2024, the U.S. Securities and Exchange Commission (“SEC”) filed its third matter this year involving “AI washing”—namely, alleged misstatements or omissions by securities market participants about the…

Cybersecurity

The SEC Adopts Significant Cybersecurity Amendments to Reg S-P

By: Charu A. Chandrasekhar, Luke Dembosky, Avi Gesser, Erez Liebermann, Sheena Paul, Marc Ponchione, Julie M. Riewe, Jeff Robins, Kristin Snyder, Anna Moody, Johanna Skrzypczyk, Suchita Mandavilli Brundage and Ned Terrace May 17, 2024

On May 16, 2024, the SEC adopted amendments to Regulation S-P (“Reg S-P”) one year after its proposed amendments (the “Proposed Amendments”). The finalized amendments (“Amended Reg S-P”) largely track…

Artificial Intelligence

The Increasing Risks of AI Washing and Securities Fraud Class Actions

By: Maeve O'Connor, Avi Gesser, Jim Pastore, Kristin Snyder, Charu A. Chandrasekhar, Matt Kelly, Gabriel Kohan, Alexandra Mogul and Joshua A. Goland April 3, 2024

Many public companies are starting to face increased risks of securities class action litigation based on statements about their use of AI that are alleged to have been false or…

Artificial Intelligence

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

By: Andrew J. Ceresney, Charu A. 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…

Artificial Intelligence

Have You Reviewed Your Form ADV AI Disclosures?

By: Charu A. Chandrasekhar, Avi Gesser, Kristin Snyder, Julie M. Riewe, Marc Ponchione, Matt Kelly, Sheena Paul, Mengyi Xu and Ned Terrace February 26, 2024

Registered investment advisers (“RIAs”) have swiftly embraced AI for investment strategy, market research, portfolio management, trading, risk management, and operations. In response to the exploding use of AI across the…

Artificial Intelligence

In 2024, the Biggest Legal Risk for Generative AI May Be Hype

By: Charu A. Chandrasekhar, Avi Gesser, Paul D. Rubin, Kristin Snyder, Melissa Runsten, Gabriel Kohan and Jarrett Lewis January 9, 2024

We have previously written about the legal risks that companies face if they oversell the capabilities of their AI systems, known as “AI washing.” In particular, the FTC and the…

SEC

Top 10 SEC Cyber/AI Blog Posts for 2024

Top 11 AI Posts of 2024

FINRA Issues Brief Reminder on Managing Generative AI Risk in Supervisory Tools

SEC Targets AI Washing in Private Capital Markets: “Old School Fraud Using New School Buzzwords”

The SEC Adopts Significant Cybersecurity Amendments to Reg S-P

The Increasing Risks of AI Washing and Securities Fraud Class Actions

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

Have You Reviewed Your Form ADV AI Disclosures?

In 2024, the Biggest Legal Risk for Generative AI May Be Hype

Top 10 SEC Cyber Posts of 2023