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– Chief Compliance Officer and Vice President of Legal Affairs, Arrow Electronics
A commissioner of the Commodity Futures Trading Commission (CFTC) is calling on the company to release bills to address the use (and misuse) of synthetic intelligence (AI) equipment in commodity markets.
In a speech at an industry event on Thursday, CFTC Commissioner Kristin Johnson said she supports expanding consequences for those who use AI equipment to perpetuate fraud or market manipulation, as well as adopting “a principles-based regulatory framework to combat the developing prevalence of AI. ” in our markets.
Johnson said commodity markets are already rife with AI use cases, in spaces such as trading, threat management, threat assessment and coverage, money, regtech, compliance, books and records, knowledge processing and analysis, cybersecurity and resilience, as well as visitor service.
Fitness mobile apps and similar technologies will be required to notify consumers of a data breach or threat that violates the Federal Trade Commission’s fitness violation notification rule, as part of a wide-ranging update approved through the agency.
TikTok is postponing new features as part of a European Commission investigation into its compliance with the Digital Services Act, while responding to a U. S. ban that was just enacted.
The Justice Department’s renewed review of a company’s use of private devices strengthens the argument for corporations to refrain from bringing their own device, argued a panelist at Compliance Week’s 2024 national conference.
Tens of millions of non-compete clauses included in the contracts of domestic workers will be null and void as of Labor Day, according to a final rule issued through the Federal Trade Commission.
The UK’s Financial Conduct Authority has reaffirmed its preference for working with big tech corporations to find out how their knowledge can be useful for the money sector.
The UK Financial Conduct Authority has issued new guidance on how to comply with its upcoming anti-greenwashing rule, which comes into force on May 31.