The Impact of Artificial Intelligence on Wall Street, December. 6, 2019

Quick Summary

(Short Clip) Electronic Trading has Reduced Costs to the Average Investor by More than 1/2 Over the Past Decade. 

“Life time savings for average investors equal to 30%”…

Short Clip: Regulators Most Likely Lagging Bad Actors in AI Tech Capabilities
“Our funding falls significantly short of the level we need to fulfill our mission to investors, companies, and the markets . . . 4,200 employees are not nearly enough to stretch across a landscape that requires us to regulate more than 25,000 market participants, including broker-dealers, investment advisers, mutual funds and exchange-traded funds, municipal advisors, clearing agents, transfer agents, and 18 exchanges.” – Mary Jo White, SEC Chair in a speech at an agency conference (2014)

Full hearing

“MIT Professor: Big Banks Are Using Data Profiling to Prey on Unsophisticated”, WSP

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