The Securities and Exchange Commission is launching a task force focused on how it can enhance cross-agency collaboration and expand the use of artificial intelligence while maintaining governance. Valerie Szczepanik, the agency’s new chief AI officer, will lead the efforts.
The AI task force is centralizing SEC’s efforts to test and adopt AI-powered tools and systems and “focus on AI applications that maximize benefits,” according to the SEC.
Last month, Congress introduced a bill that would allow the SEC and six other financial regulatory agencies to run “AI Innovation Labs” with minimal regulation.
The bill came a week after President Donald Trump issued directives on AI that called for companies to have “regulatory sandboxes” for rapid AI testing with minimal restrictions.
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“By ingraining innovation into our culture SEC-wide, we will further our mission to protect investors, maintain fair, orderly and efficient markets, and facilitate capital formation,” said SEC Chairman Paul S. Atkins.
Szczepanik said, “I look forward to accelerating work already underway in the SEC’s divisions and offices to build enterprise capacity for AI innovation and implement AI solutions that are trustworthy, effective, and mission enhancing.”
Szczepanik was previously the director of the SEC’s Strategic Hub for Innovation and Financial Technology and prior to that, the senior advisor for Digital Assets and Innovation and an associate director in the SEC’s Division of Corporation Finance.
Tags: Artificial Intelligence, Paul Atkins, US Securities and Exchange Commission
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