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Implementing AI: Practical Steps for Advisers and Broker-Dealers Deploying AI Compliance Tools Amidst Regulatory Uncertainty

The two letters “AI” seem to be everywhere today. But what do people actually mean when they use them, particularly in the compliance context? More importantly, aside from adding the letters “AI” into marketing decks, how do current AI-powered technologies differ from similar technologies just a few years ago, how easy is it to implement AI, and what are the real-world benefits, and risks, of using AI tech?

Our virtual roundtable event co-hosted by Mintz and ACA Group discussed different perspectives from a diverse group of industry stakeholders including a Y-Combinator startup building new AI tools, and legal and compliance professionals in the traditional finance and crypto spaces.

David Adams, Thomas Armstrong, Joshua Broaded, and Mamal Amini shared their insights on:

  • Real-World Implementations of AI: Insights into how AI is being deployed by broker-dealers and investment advisers today to enhance efficiency and manage compliance risk, and ideas for implementation at their own advisers and broker-dealers.
  • AI Regulatory Landscape & Best Practices: Current SEC and FINRA regulations affecting the use of AI, including guidance on risk management, ethical considerations, and transparency.
  • Future Momentum: Expert predictions on the future evolution of AI in the financial services sector and ongoing regulatory considerations.

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