Massachusetts regulators investigate investment firms' use of AI

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Massachusetts Secretary of State Bill Galvin, whose agency is the top securities regulator in the state, announced Thursday that his office sent letters of inquiry to several firms that are either using or in the process of developing AI tools to be used in their businesses. Among those firms are JPMorgan Chase and Morgan Stanley.

JPMorgan Chase is among the investment firms that Massachusetts securities regulators have sent inquiry letters to regarding the use of AI in client-facing tools and marketing materials.

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Massachusetts regulators launch probe into AI in securities industryMassachusetts securities regulators have opened an investigation into the ways in which investment firms use artificial intelligence in their interactions with investors, citing concerns about the technology's potential unchecked use.
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