The Securities and Exchange Commission has launched a task force focused on how to do this Strengthen agency collaboration and expand the use of artificial intelligence while maintaining governance. Valerie Schzepanik, the agency's new chief AI officer, will lead the effort.
According to the SEC, the AI Task Force is testing and adopting tools and systems powered by AI, and is centralizing SEC's efforts to “focus on profit-maximizing AI applications.”
Last month, Congress introduced a bill that would allow the SEC and six other financial regulators to implement “AI Innovation Labs” with minimal regulations.
The bill called on businesses to have a “regulatory sandbox” for rapid AI testing with minimal restrictions a week after President Donald Trump issued the AI directive.
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“By engaging innovation in our culture, we promote our mission to protect investors, maintain a fair, orderly and efficient market and promote capital formation,” said SEC Chairman Paul S. Atkins.
Szczepanik said: “We look forward to accelerating the work already in progress in the SEC department and offices.
Szczepanik was previously the director of the SEC's strategic hub of innovation and financial technology, and before that Senior Advisor of Digital Assets and Innovation and Associate Director of the Corporation Finance Division of SEC.
Tags: Artificial Intelligence, Paul Atkins, US Securities and Trade Commission
