SEC’s Gary Gensler says AI financial advice must benefit investors, not the model

Securities and Exchange Commission (SEC) Chair Gary Gensler discussed his agency’s approach to the regulation of artificial intelligence (AI) technologies in securities markets as generative AI products become more readily available to investors.

The SEC is developing regulations related to the use of AI by investment advisers and how the use of AI tools is communicated to investors, which are expected to be released in the next few