SEC's Gensler: Firms Need To Keep Clients Interests in Mind With AI

The video discusses the transformative impact of predictive data analytics and artificial intelligence, comparing it to the Internet and automobile production. It highlights the importance of aligning technology with investment advisor standards to ensure investor interests are prioritized. The video emphasizes the role of technology in predicting investor behavior and ensuring advisors do not prioritize their interests over those of investors.

How does the speaker compare the impact of predictive data analytics to historical technological advancements?

• As less significant than the Internet

• As equally transformative as the Internet and automobile mass production

• As more significant than the mass production of automobiles

• As unrelated to past technological advancements

What is the primary ethical concern when an investment advisor works with an investor?

• Maximizing the advisor's profits

• Minimizing the investor's risks

• Ensuring the advisor's interests are prioritized

• Prioritizing the investor's interests over the advisor's

What is the goal of aligning technology with ethical standards in investment advising?

• To reduce the need for human advisors

• To predict market trends more accurately

• To ensure technology serves the best interests of investors

• To increase the profits of investment firms

How can predictive analytics influence investor behavior?

• By ignoring investor preferences

• By providing irrelevant data

• By understanding and responding to behavioral prompts

• By focusing solely on financial metrics

What is the speaker's view on the role of technology in investment advising?

• Technology should be used sparingly

• Technology should prioritize advisor profits

• Technology should align with ethical standards

• Technology should replace human advisors