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
Advertising Regulation: Expect More Than Just Hype
Encore | Insider Trading: Finding the Needle in the Haystack
What Fees?: A Look at American Investor Knowledge
What to Expect: The 2020 Exam and Risk Monitoring Program
A Career Highlight: Exam and Risk Monitoring Program Transformation Update
Encore | How FINRA Rules Get Made (And Reviewed)
The Buildathon: Creating New Technology in Service of Investors
2019 Ketchum Prize: The Evolving World of Retirement Security
Regulation Best Interest: Preparing for a New Standard of Conduct
Market Regulation Enforcement: Ensuring Market Integrity
The Createathon: Breaking Down Silos and Sparking Innovation
FINRA’s Ambassador Abroad: The International Group
Collaboration, Expertise, Innovation and Responsibility: Introducing FINRA’s Values
Credit For Cooperation: Recognizing Extraordinary Efforts
Financial Capability Study, Part II: Tracking Shifting Currents of Financial Well-Being
Financial Capability Study, Part I: Does a Rising Tide Lift All Boats?
Encore | How the Cloud and Machine Learning Have Transformed FINRA Market Surveillance
DXT: Transforming the Digital Experience of Firms
Straight from the Top: Fireside Chat with Robert Cook and Bari Havlik
Beyond Hollywood, Part II: AML Priorities and Best Practices
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