Learn how President Biden's executive order on AI aims to protect Americans from potential risks and what compliance officers can do in response.

Here are my three key lessons from NSCP about AI in personal and professional life, the pace of regulatory change, and the importance of quality data.

Learn about the EU's seven principles of ethical AI and how they can help compliance officers responsibly implement AI tools and systems.

There are numerous applications and benefits of AI in financial services, including compliance monitoring, risk management, and regulatory reporting.

What does the regulatory future look like for gamification and other digital engagement practices? That remains to be seen, says Jasmin Sethi on our Brain Waves blog

True investor protection involves proactively creating a predictable regulatory regime.

“Let me talk about how AI has impacted my life in three ways – reading, searching for information, and navigation. In all of these areas, I utilize a combination of AI and human intelligence. However, I would not mind the day when AI could be used alone when necessary, and human intelligence could be a choice – a supplement to improve my experience but not necessary for essential functions.”

Did you know that financial services regulators use AI to help detect fraud and possible misconduct? Jasmin Sethi highlights use cases of two regulators.

As interest in cryptocurrencies grows,1 many clients are seeking guidance from their financial advisors. But in an ever-evolving regulatory environment, and amid crypto’s recent crash, it can be hard for advisors to know what advice to offer that protects clients and fulfills their fiduciary responsibilities. READ MORE

Written by the SCA team and published in Advisor Perspective.

As the blockchain ecosystem develops and new cryptocurrencies spawn, investors are attempting to diversify their holdings to effectively capture the crypto market. After investors determine how much of their portfolios they want to dedicate to cryptocurrencies, a question soon follows: Which cryptocurrencies should constitute those holdings?

At the 2022 Morningstar Investment Conference in May, Karla Paxton hosted a panel called “Why Aren’t More Women Talking About Crypto?”

Paxton, a senior vice president of business development at Morningstar, is an individual cryptocurrency investor. She sat down with Morningstar experts [including] Jasmin Sethi, associate director of policy research. READ MORE

A fixed annuity also known as a MYGA can be a smart investment choice for those looking to diversify their portfolios while earning higher than bank deposit rates.

Investing in cryptocurrency comes with many risks. While some risks, like extreme price volatility, have become well-known and well-understood by the general public, others remain obscure and leave retail investors potentially vulnerable. From June 2020 to June 2021, 13% of Americans purchased or traded cryptocurrencies, according to a University of Chicago survey.

The paradox brought about by digital trading platforms is that digital nudges, also called behavioral prompts, have the potential to both aid and hinder investors. Nudges can positively influence investors by encouraging behaviors--like saving--that benefit investors and serve their personal goals.

In addition to the robo-advisors discussed in Part I and Part II of our series, traditional investment companies, including Goldman Sachs, Vanguard, Schwab, and Merrill have developed their own robo-advisory services.

Customer Relationship Summaries, also known as Form CRS, are a key accompaniment to the SEC’s Regulation Best Interest, or Reg BI, which governs the standard of conduct for broker/dealers. As of last year, broker/dealers, Registered Investment Advisors, and dually registered firms must provide each client, or prospective client, with the firm’s Form CRS.

In this piece, I review three additional robos: Albert, Ellevest, and Stash. Overall, each of these robo-advisors provide a distinct experience with the objective of helping individuals in different circumstances save for retirement (and other goals, but we focus primarily on retirement here) through a streamlined and convenient process.

Those who do not have the workplace infrastructure to help save for retirement can benefit from digital advice.