AI News

On 27 March 2025, Acting Chairman of the United States Securities and Exchange Commission (US SEC), Mark T. Uyeda, delivered the keynote address at the Commission’s Roundtable on Artificial Intelligence in the Financial Industry, held in Washington D.C. Addressing an audience comprising in-person and virtual participants, US SEC Acting Chairman Mark T. Uyeda discussed the US SEC’s commitment to informed, innovation-supportive regulation, particularly in the face of rapidly evolving artificial intelligence (AI) technologies across financial markets. US SEC Acting Chairman Mark T. Uyeda began by placing the current discourse on AI within a broader historical context. He noted that the integration of emerging technologies into US financial markets is not unprecedented, referencing earlier innovations such as the stock ticker machine, telephone networks, and electronic trading systems. According to him, the capacity to adopt and adapt to new technologies has been a key driver in...

On 27 March 2025, United States Securities and Exchange Commission (US SEC) Commissioner Caroline A. Crenshaw delivered a speech at the US SEC’s Roundtable on Artificial Intelligence in the Financial Industry, held in Washington D.C. US SEC Commissioner Caroline A. Crenshaw discussed the urgent need for greater definitional clarity, robust governance structures, and regulatory foresight as artificial intelligence (AI) continues to transform the financial ecosystem. Commissioner Crenshaw revisited the July 2023 proposed rule issued by the US SEC’s Divisions of Investment Management and Trading and Markets concerning the use of Predictive Data Analytics by broker-dealers and investment advisers. While the rule aimed to address potential conflicts of interest arising from AI tools interacting with investors, she noted that its reception had been mixed. Many industry participants, some of whom were present at the roundtable, criticised the proposal as overbroad, with overlapping...

On 27 March 2025, at the United States Securities and Exchange Commission (US SEC) Roundtable on Artificial Intelligence in the Financial Industry, held in Washington D.C., US SEC Commissioner Hester M. Peirce delivered a speech on the fast-evolving role of AI in finance. Commissioner Peirce, beginning with a warm thanks to the staff of the US SEC’s Division of Economic and Risk Analysis and fellow organisers, as well as the diverse panel of experts participating in the roundtable. The industry, she stated, has a long history of welcoming disruptive tools, from the stock ticker to terminals, and now faces the exciting, if complex, challenge of integrating artificial intelligence. The question, she implied, is not whether AI belongs in finance, but how we choose to understand and shape its presence. With a deliberate caution against alarmist rhetoric, US SEC Commissioner Hester M. Peirce criticised what she termed “artificial fears” around AI, drawing a clear line between legitimate...

On 20 March 2025, the United States Securities and Exchange Commission (US SEC) published an official announcement, Release No. 2025-56, detailing the agenda and panelists for its upcoming Artificial Intelligence Roundtable, scheduled for 27 March 2025 at the US SEC’s headquarters in Washington, D.C. The roundtable will explore the implications, opportunities, and risks associated with the use of artificial intelligence (AI) in financial markets and regulation. The schedule outlines a full-day programme featuring four expert panels focused on the benefits and costs of AI, fraud prevention and cybersecurity, governance and risk management, and future trends. The event will open with remarks by Acting Chairman Mark T. Uyeda, Commissioner Hester Peirce, and Commissioner Caroline Crenshaw, setting the tone for a discussion that aims to advance understanding of AI’s transformative potential in the financial ecosystem. The roundtable will bring together voices from across the public and...

On 19 March 2025, the United States Commodity Futures Trading Commission (US CFTC) published an advisory titled "Criminals Increasing Use of Generative AI to Commit Fraud." The advisory released by Office of Customer Education and Outreach (OCEO) of the US CFTC discusses how criminals are now leveraging advanced artificial intelligence tools to create highly deceptive scams. From deepfake videos and manipulated live-stream calls to forged financial documents and fake trading platforms, fraudsters are using AI to make their scams more realistic and convincing than ever before. The advisory details how AI-generated images, voices, videos, and live-streamed video chats are being used to scam individuals and businesses. Fraudsters are also deploying AI-powered chatbots and social media profiles to gain victims' trust, solicit investments, and facilitate financial fraud. The advisory cites an FBI public service announcement that warns of AI’s increasing use in relationship investment...

On 12 March 2025, the Singapore Police Force (SPF), Monetary Authority of Singapore (MAS), and Cyber Security Agency of Singapore (CSA) have issued a Joint Advisory on Scams Involving Digital Manipulation, warning the public about scams using Artificial Intelligence (AI) to create deepfake media. These scams target businesses by impersonating high-ranking executives through manipulated video calls, deceiving employees into transferring corporate funds to fraudsters. The advisory aims to create awareness about a new scam variant where fraudsters impersonate senior executives from victims’ companies using AI-generated digital manipulation. Victims receive unsolicited WhatsApp messages inviting them to a Zoom video call, where the scammers alter their appearance to mimic high-ranking executives. In some cases, fraudsters also impersonate MAS officials or potential investors. Once engaged, victims are instructed to transfer corporate funds under false pretences, such as business...