SEC

Choose Rejects Vanguard $40 Million Mutual Fund Settlement, Cites SEC Accord – Model Slux

by
Choose Rejects Vanguard Million Mutual Fund Settlement, Cites SEC Accord – Model Slux

A federal decide on Monday rejected Vanguard Group’s $40 million settlement with buyers who claimed the mutual fund big caught them with inflated tax payments in its widespread target-date funds. U.S. District Choose John Murphy in Philadelphia mentioned the proposed class motion settlement introduced in November “offers no worth” to buyers as a result of … Read more

What’s ‘AI washing?’ Firms pay $400K to SEC for inflated claims – Model Slux

by
What’s ‘AI washing?’ Firms pay 0K to SEC for inflated claims – Model Slux

America Securities and Change Fee (SEC) charged two corporations for falsely exaggerating the usage of synthetic intelligence of their merchandise, marking one of many first-ever enforcement actions towards “AI washing.” AI washing is the usage of misleading and inaccurate claims about an organization’s use of AI or machine-learning capabilities to capitalize on the hype surrounding … Read more

x