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FINRA Reminds BDs of Their Duties When Using AI
News July 17, 2024 at 01:18 PM
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What You Need To Know
- A new FINRA notice reminds broker-dealers that its rules — on supervision, for example — are technology neutral.
- Firms using AI models must have policies and procedures on issues like like data privacy and reliability of the models.
- The rules apply whether firms use third-party tools or build them in house.
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