SEC Investor Advisory Committee to Discuss AI, Robo-Advisors Plus Cyber Concerns at Next Meeting

The Securities and Exchange Commission (SEC) has posted its agenda for its upcoming meeting of the Investor Advisory Committee which will take place this week.

The Committee has scheduled two-panel discussions: the first is about ethical artificial intelligence and “Robo-adviser” fiduciary responsibilities, and the second is regarding cybersecurity.

The meeting is open to the public and will be live-streamed on the SEC website on March 10 at 10:00 a.m. ET.

The agenda is posted below.

U.S. Securities and Exchange Commission
Investor Advisory Committee
March 10, 2022

10:00 a.m. – 10:25 a.m. Welcome Remarks
10:25 a.m. – 10:30 a.m. Departure Remarks from J.W. Verret and Paul Mahoney
10:30 a.m. – 10:35 a.m. Approval of Previous Meeting Minutes
10:35 a.m. – 12:00 p.m. Panel Discussion Regarding Ethical AI and RoboAdvisor Fiduciary Responsibilities

This panel will focus on the ethical issues and fiduciary responsibilities related to the use of artificial intelligence in the development and application of roboadvising techniques. It will attempt to provide an overview of the current state of roboadvising, focus on algorithms, analyze the tradeoffs between AI-powered advice vs. personal recommendations, explain the jargon, potential bias, and blindspots around roboadvice, and review what is happening in the larger related space. Additionally, the panel will explore what constitutes “advice” in this quickly-advancing age.

Moderated by:

Paul Sommerstad, Partner, Cerity Partners

Panelists:

12:00 p.m. – 1:30 p.m. Lunch/Non-Public Administrative Session
1:30 p.m. – 3:00 p.m. Panel Discussion Regarding Cybersecurity

This panel will focus on the growing importance of cybersecurity, and the growing role it is playing as investors try to understand a company’s risk profile. Our speakers will provide an overview of the cybersecurity landscape, the impacts of attacks, and a review of current disclosure requirements and the information being provided to investors. Additionally, we will discuss what investors want to know and specific suggestions as to how current disclosure requirements could be changed to better ensure that investors are provided more relevant information without compromising the company’s approach to security.

Moderated by:

Cambria Allen-Ratzlaff, Corporate Governance Director, UAW Retiree Medical Benefits Trust

and

Brian HellmerChief Investment Officer, Global Public Market Strategies, State of Wisconsin Investment Board

Panelists:

  • Keith Cassidy, Associate Director, Office of Technology Controls Program, Division of Examinations
  • Athanasia Karananou, Director of Governance and Research, Principles for Responsible Investment (United Kingdom)
  • Joshua Mitts, Associate Professor of Law and Milton Handler Fellow, Columbia Law School
  • Jeffrey Tricoli, Managing Director for Technology Risk Management, Charles Schwab
3:00 p.m. – 3:15 p.m. Subcommittee Reports
3:15 p.m. Closing Remarks and Adjourn


Sponsored Links by DQ Promote

 

 

Send this to a friend