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Cryptopolitan 2024-03-20 10:12:33

SEC Fines Investment Advisors for AI Washing Scam

In a recent crackdown on fraudulent practices within the investment sector, the Securities and Exchange Commission (SEC) has imposed fines totaling $400,000 on two investment advisors for misleading investors with false claims about their utilization of artificial intelligence (AI). The fines warn investors to remain vigilant against AI washing scams, where companies exaggerate or misrepresent

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