Generative Artificial Intelligence (AI) and large language models (LLM) are taking the world by storm, presenting numerous opportunities to create business efficiencies. While the new technologies offer many potential benefits to firms, regulators and investors, they also introduce unique risks.
On this episode, we hear from Brad Ahrens, senior vice president of Advanced Analytics, Andrew McElduff, vice president with Member Supervision's Risk Monitoring team and Haime Workie, vice president and head of FINRA's Office of Financial Innovation, who are closely looking at these technologies and following developments in this space to learn how FINRA is looking at and thinking about generative AI when it comes to its own business and what it's looking at and seeing when it comes to firm use of these tools.
Resources mentioned in this episode:
Artificial Intelligence (AI) in the Securities Industry
Artificial Intelligence (AI) and Investment Fraud
Reg Notice 21-19: Obligations Related to Outsourcing to Third-Party Vendors
Rule 3110: Supervision
2024 FINRA Annual Regulatory Oversight Report
2023 Executive Order on Artificial Intelligence for Congress
NIST: Artificial Intelligence
2021 Small Firm Conference: A Fireside Chat with Robert Cook and Greg Ruppert
FINRA Foundation Military Spouse Fellowship Program: Assisting Service Members and Their Families
Encore | Overlapping Risks: Anti-Money Laundering and Cybersecurity
2021 Ketchum Prize: Expanding Financial Capability in Native Communities
Make Your Voice Heard: FINRA's Regional Committees
The Journey to the Cloud: Implications for the Securities Industry
Introducing Stephanie Dumont
FINRA’s Financial Intelligence Unit: Connecting the Dots
Building Board Diversity: FINRA’s Ongoing Commitment
2021 Annual Conference: Robert Cook and Eileen Murray Fireside Chat
Zoom Arbitration One Year Later: Lessons Learned, Tips for Practitioners and the Road Ahead
Advanced Analytics: Transforming Advertising Regulation
At, By or Through: Fraud in the Broker-Dealer Industry
Exam and Risk Monitoring Program: Responding to COVID-19 and Looking Ahead
Year in Review: The 2020 Exam and Risk Monitoring Program
Cybersecurity: Current and Emerging Industry Priorities and Threats
Behind the Process: How an Enforcement Action Becomes an Enforcement Action
Encore | Augmenting the Exam and Risk Monitoring Program with Data Analytics and Technology
Revolutionizing the Digital Experience: Form U4 and FINRA Gateway
Member Relations & Education: Reimagining the Future of Engagement
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