SEC Chairman: Those who use AI for fraud or exaggerated advertising will be held accountable in accordance with the law According to a report by Golden Finance, Paul Atkins, the Chairman of the US Securities and Exchange Commission (SEC), stated in a speech at the Financial Stability Oversight Board's Artificial Intelligence Innovation Series Roundtable that AI will reshape capital market regulation. The SEC established an AI working group in August this year to promote the application of AI in risk assessment, market anomaly monitoring, information disclosure review, and market risk analysis. In terms of regulatory thinking, the SEC will adhere to a "technology neutral" and "importance based" information disclosure framework, oppose simple list based mandatory disclosure requirements for new technologies, and hold accountable those who use AI for fraud or exaggerated propaganda in accordance with the law. As a regulatory agency, the SEC will not shy away from the AI wave, but rather choose to understand, evaluate, and adopt relevant technologies where appropriate, while encouraging market participants and regulatory authorities to maintain open dialogue and jointly promote the steady development of the capital market.