SEC Chairman Highlights AI's Role in Capital Market Regulation

U.S. SEC Chairman Paul Atkins has highlighted the transformative impact of artificial intelligence on capital market regulation. According to NS3.AI, the SEC is forming a specialized AI working group aimed at improving risk assessment and market oversight. The regulatory body plans to maintain a technology-neutral approach, concentrating on the disclosure of material information and addressing fraudulent or exaggerated AI-related promotions. Atkins also called for open communication between market participants and regulators to foster stable development in the capital markets.