U.S. SEC Chairman: AI to Reshape Capital Market Regulation, Will Crack Down on Fraud or Exaggerated Promotions Using AI

Odaily News According to a speech by U.S. SEC Chairman Paul Atkins at the Financial Stability Oversight Council's AI Innovation Series Roundtable, AI will reshape capital market regulation. The U.S. SEC established an AI working group in August this year to promote the application of artificial intelligence in areas such as risk assessment, market anomaly monitoring, information disclosure review, and market risk analysis. In terms of regulatory philosophy, the SEC will adhere to a "technology-neutral" approach and an information disclosure framework based on the "materiality principle," opposing simple, checklist-style mandatory disclosure requirements for new technologies. It will pursue legal accountability for fraudulent or exaggerated promotional activities using AI. Paul Atkins added that as a regulatory body, the U.S. SEC will not shy away from the AI wave but will instead choose to understand, evaluate, and, where appropriate, adopt relevant technologies. He also encouraged market participants to maintain open dialogue with regulatory authorities to jointly promote the stable development of capital markets.