Amna Raza
Senior Advisor
People have been orchestrating financial fraud and scams for centuries. But the recent rise of generative AI has massively increased the scale and sophistication of scams, including in capital markets. Regulators are rightly concerned and focused on how to protect retail investors.
BIT and the Ontario Securities Commission investigated this urgent issue through an innovative, empirical approach. In this report, we present our findings on the impact of AI on susceptibility to scams and effective mitigations to protect investors.
Our findings include a summary of existing research and an original experiment simulating a social media feed that includes both legitimate and fraudulent investment opportunities.
Key takeaways for regulators
This report is a must-read for securities regulators taking an evidence-based approach to AI-related regulatory activities across Canada and around the world. Contact us here if you would like to discuss further.
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