SEC Establishes AI Task Force to Modernize Oversight and Enforcement
The U.S. Securities and Exchange Commission (SEC) has formed a specialized AI task force to enhance oversight and enforcement in the rapidly evolving artificial intelligence sector. The initiative aims to modernize regulatory approaches by leveraging AI tools to detect risks, monitor market activities, and ensure compliance with securities laws. SEC Chair Gary Gensler emphasized the importance of staying ahead of technological advancements to protect investors and maintain fair markets. The task force will collaborate with other divisions to address AI-related challenges, including potential market manipulation and data privacy concerns. This move reflects the SEC's proactive stance on emerging technologies shaping financial markets.