US SEC Chairman: AI is reshaping capital market regulation and will combat fraud or misleading advertising using AI.

Odaily Odaily reports that U.S. SEC Chairman Paul Atkins, speaking at the Financial Stability Oversight Council's AI Innovation Roundtable, stated that AI will reshape capital market regulation. The SEC established an AI Working Group in August to promote the application of AI in risk assessment, market anomaly monitoring, information disclosure review, and market risk analysis. In terms of regulatory approach, the SEC will adhere to a "technology neutrality" and an information disclosure framework based on the "materiality principle," opposing the simple imposition of mandatory list-based disclosure requirements for new technologies. The SEC will pursue legal action against those who use AI for fraud or exaggerated claims. Atkins added that as a regulatory body, the SEC will not shy away from the AI ​​wave but will choose to understand, assess, and adopt relevant technologies where appropriate. He also encouraged market participants to maintain open dialogue with regulators to jointly promote the sound development of the capital market.