SEC Fines Two Investment Advisors for Misleading Statements About Their Use of Artificial Intelligence

Delphia y Global Predictions

Date:

Sanciones de la SEC
Pixabay CC0 Public Domain

Autor: Funds Society, Miami

Delphia, Toronto-based firm, made false and misleading statements in its SEC filings, in a press release, and on its website regarding its purported use of AI and machine learning that incorporated client data in its investment process

Global Predictions made false and misleading claims in 2023 on its website and on social media about its purported use of AI

Delphia agreed to pay a civil penalty of $225,000, and Global Predictions agreed to pay a civil penalty of $175,000