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Oversold and Underdelivered: SEC Charges Former Startup CEO with “AI Washing” Securities Fraud

On June 11, 2024, the United States Securities and Exchange Commission (the “SEC”) charged Illit Raz, the former CEO and founder of the since-shut-down artificial intelligence recruiting startup Joonko Diversity Inc....more

Algorithmic Allegiances: Proposed SEC Rule to Regulate Conflicts of Interest in Technology

In a move to address the implications of integrating emerging technologies into the financial markets, the U.S. Securities and Exchange Commission (the “SEC”) recently proposed new rules aimed at regulating potential...more

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