Concerns Raised Over SEC’s Approach to AI Regulation by Former Commissioners

In recent discussions, former Securities and Exchange Commission (SEC) commissioners have voiced concerns that the agency’s approach to regulating artificial intelligence (AI) might prove to be misguided. Robinhood Markets’ legal chief Dan Gallagher, who served as an SEC commissioner from 2011 to 2015, emphasized the potential negative impact of stringent regulatory measures. “Let’s not try to use enforcement to cause folks to pull back and not offer these services. I think that’s the challenge,” Gallagher stated. For more details, click here.