Investor Advisory Committee Meeting Agenda

Panel Discussion: Disclosure of Artificial Intelligence’s Impact on Operations

AI poses a variety of risks and opportunities that companies need to disclose, but the inconsistency in these disclosures can be problematic for investors seeking clear and comparable information. A recent report on the Harvard Law School Forum on Corporate Governance highlighted that over 60% of S&P 500 companies view AI as a material risk, with concerns spanning across cybersecurity, competition, innovation, regulations, intellectual property, ethical, and reputational risks. However, the way these risks are disclosed varies significantly among industries, making it challenging for investors to assess and compare the risks and opportunities effectively.  This panel will bring various stakeholders to examine how the SEC can harmonize the AI-related disclosure regime and provide the information that investors are seeking. To do that, this panel will specifically focus on AI's impact on corporate operations and financial disclosures. 

Moderated by:

• Alvin Velazquez, Associate Professor of Law, Indiana University Maurer School of Law, Vice-Chair of U.S. Securities and Exchange Commission’s Disclosure Subcommittee of the Investor Advisory Committee

Panelists:

• Matthew T. Bodie, Robins Kaplan Professor of Law, University of Minnesota Law School
• Hamish Macalaster, CEO and Founder, Transparently AI
• Deep Ratna Srivastav, Chief AI Officer, Franklin Templeton
• Rekha Vaitla, Investment Officer - Sustainable Investment and Stewardship Strategies, CalSTRS
• Paul Washington, President and CEO of the Society of Corporate Governance 

Panel Discussion: Retail Investor Fraud in America
 

Retail investor fraud is crippling the lives and financial prosperity of individuals and families across America. Nearly 1 in 10 investors will lose money in a fraud scheme at some point in their lives, with little or no opportunity for recovery in many cases. The panel will examine the economic impact and mechanics of retail investor fraud in America and explain how bad actors, including large criminal organizations, are using artificial intelligence and other technologies to steal American wealth at an astonishing pace. Panelists include securities regulators and fraud experts who will discuss their work combatting these scams and conclude with a moderated panel discussion addressing questions from the IAC.

Moderated by:

• Andrea Seidt, Ohio Securities Commissioner and Chair of U.S. Securities and Exchange Commission’s Investor as Owner Subcommittee of the Investor Advisory Committee

Panelists:

• Adam Anicich, Senior Advisor, Office of the Investor Advocate, U.S. Securities and Exchange Commission
  Presentation: Financial Fraud in America and the Interagency Securities Council
• Erin West, Founder, Operation Shamrock and former Deputy District Attorney, Santa Clara County, California
• Dr. David Maimon, Head of Fraud Insights at SentiLink and Professor, Georgia State University
  Written Testimony
• Perry Carpenter, Chief Human Risk Management Strategist, KnowBe4; Podcast Co-Host and Creator; and Board Member of the National Cyber Security Alliance
  Written Testimony
• Claire McHenry, Deputy Director of the Nebraska Department of Banking and Finance’s Securities Bureau; former NASAA President; and Co-Chair of NASAA’s Senior Issues Committee
  Written Testimony
  Presentation: State Securities Perspectives on Retail Investor Fraud in America

Closing Remarks