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From left, Federal Reserve Chairman Jerome Powell, Treasury Secretary Janet Yellen and SEC Chairman Gary Gensler participate in a meeting of the Financial Stability Oversight Council at the U.S. Treasury on July 28, 2023 in Washington, D.C. (Photo by Kevin Dietsch/Getty Images)

Financial regulators have ‘insufficiently’ addressed hedge funds’ use of AI, report says

SEC and CFTC oversight of how investment vehicles use AI to inform trading decisions is lacking and poses risks to market stability, a report from the majority…
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