Book contents
- The Cambridge Handbook of Private Law and Artificial Intelligence
- Reviews
- The Cambridge Handbook of Private Law and Artificial Intelligence
- Copyright page
- Dedication
- Contents
- Figures
- Table
- Contributors
- Acknowledgements
- Abbreviations
- Introduction
- 1 AI for Lawyers
- 2 Computable Law and AI
- Part I Law of Obligations
- Part II Property
- Part III Corporate and Commercial Law
- 18 Corporate Law, Corporate Governance and AI: Are We Ready for Robots in the Boardroom?
- 19 Financial Supervision and AI
- 20 Financial Advisory Intermediaries and AI
- 21 Competition Law and AI
- 22 Sales Law and AI
- 23 Commercial Dispute Resolution and AI
- 24 Insurance Law and AI
- 25 Securities Regulation and AI
- 26 Employment Law and AI
- Part IV Comparative Perspectives
- Index
25 - Securities Regulation and AI
Regulating Robo-Advisers
from Part III - Corporate and Commercial Law
Published online by Cambridge University Press: 21 March 2024
- The Cambridge Handbook of Private Law and Artificial Intelligence
- Reviews
- The Cambridge Handbook of Private Law and Artificial Intelligence
- Copyright page
- Dedication
- Contents
- Figures
- Table
- Contributors
- Acknowledgements
- Abbreviations
- Introduction
- 1 AI for Lawyers
- 2 Computable Law and AI
- Part I Law of Obligations
- Part II Property
- Part III Corporate and Commercial Law
- 18 Corporate Law, Corporate Governance and AI: Are We Ready for Robots in the Boardroom?
- 19 Financial Supervision and AI
- 20 Financial Advisory Intermediaries and AI
- 21 Competition Law and AI
- 22 Sales Law and AI
- 23 Commercial Dispute Resolution and AI
- 24 Insurance Law and AI
- 25 Securities Regulation and AI
- 26 Employment Law and AI
- Part IV Comparative Perspectives
- Index
Summary
Because the use of robo-advisers creates significant risks in addition to the rewards that their use offers, the question of how they ought to be regulated has been and continues to be a subject of substantial debate. The various models for regulating the robo-adviser industry are examined. The best model for regulating the robo-adviser industry is a mix of mandatory disclosure; fiduciary duties for those developing, marketing, and operating robo-advisers; investor education; and regulation by litigation. Further, robo-advisers ought to be regulated by the regular standardised surveying of the investors who are using them and the release of that data to the general public.
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- Publisher: Cambridge University PressPrint publication year: 2024