2026-09-20T23:22:28.549Z
- publishedAt:
Not provided→ 2024-03-18T00:00:00.000Z
SOURCE-LINKED INTELLIGENCE
Two Investment Firms Charged with Making False Claims of Artificial Intelligence Capabilities in Case of AI Washing
In a case of AI washing, the SEC charged two investment advisers, Delphia and Global Predictions, for falsely stating their use of artificial intelligence in their investment strategies between 2019 and 2023. Their misleading claims resulted in a settlement whereby the firms agreed to pay a total of $400,000 in penalties, highlighting the critical consequences of misrepresenting AI capabilities on investment decisions and trust.
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- recordType
- incident-report
- evidenceStatus
- reported
- region
- Global
Reported occurrence date: 2019-01-01T00:00:00.000Z
Evidence & attribution
- AI Incident Database
- AI Incident Database · 2024-03-18T00:00:00.000Z
AI Incident Database, Responsible AI Collaborative; McGregor (2021), Preventing Repeated Real World AI Failures by Cataloging Incidents. Incident-specific contributor credits are available at each citation link. Metadata adapted; article text excluded.
License: CC BY-SA 4.0
First collected: 2026-09-19T22:50:59.123Z. This is not the publication date.
Observed changes
AIIC observation times, not verified publisher revision times. Up to eight recent revisions.