AI Archives - Vigilant LLC

SEC Chair and Commissioners Discuss AI | SEC Releases

SEC RELEASES Introduction Artificial intelligence (“AI”) is a continued hot topic in the industry as Firms work to find efficient ways to provide services to […]

Misleading AI Statements | Fred Teufel Reacts

Vigilant Insights Introduction The SEC announced last month that two (2) Investment Advisers were charged $400,000 for misleading statements related to their use of Artificial […]

Misleading AI Statements | SEC Charges Two Firms

SEC Releases Introduction On March 18th, the SEC announced charges against two Investment Advisers. Both Firms were found to have made false and misleading statements about their use […]

SEC Chair, Gary Gensler, Discusses AI

SEC Releases Introduction SEC Chair, Gary Gensler, recently spoke at a Yale Law School event about Artificial Intelligence (“AI”) and the important role that regulators play. He discussed […]

AI Risks for Institutional Investors | Fred Teufel Insights

Vigilant Insights Introduction Artificial Intelligence (“AI”) continues to be a concern for the compliance industry. Vigilant Director, Fred Teufel, CPA, MBA, CGMA, was quoted in a […]

SEC Exam Sweeps for AI Use | Chuck Martin Reacts on WSJ

Vigilant Insights Introduction The use of Artificial Intelligence (“AI”) by RIAs is one of many focuses for the SEC’s Division of Examinations. With the SEC’s Proposed Rule related to AI use […]

AI and SEC Exams – Fred Teufel and CJ Schaible Insights

Vigilant Insights Introduction Artificial Intelligence (“AI”) and Cybersecurity are major areas of focus for the SEC. Registered Investment Advisers (“RIAs”) could be expected to discuss their policies and […]

AI and Messaging Compliance | Michael Hogan Insights

Vigilant Insights Brief Introduction With the recent SEC charges of $289 million related to electronic recordkeeping failures, which increases the total fines ordered to over $1.5 billion for […]

AI Use for Private Equity Firms remains Questionable

News and Alerts Brief Introduction Compliance officers of Private Equity Funds have generally taken a cautious approach to allowing employees to use artificial intelligence (“AI”). […]