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Moore & Van Allen, PLLC
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Moore & Van Allen, PLLC
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100 North Tryon Street, Suite 4700, Charlotte, NC 28202, USA
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CFTC Advisory On The Use of Artificial Intelligence: Buzzword or Bogeyman?
Artificial Intelligence (“AI”) is everywhere you look right now. AI is a lot of things, but for most of the market it is simultaneously a buzzword for innovation and efficiency, and a bogeyman for fraud and privacy concerns. As such, AI is a technology that banking and markets regulators, like the Commodity Futures Trading Commission (“CFTC”) are watching closely. On December 5, 2024, the CFTC issued a staff advisory (the “Advisory”) regarding the use of AI in CFTC-regulated markets.