Investor Alert: Artificial Intelligence (AI) and Investment Fraud

The Securities and Exchange Commission (SEC) Office of Investor Education and Advocacy, the North American Securities Administrators Association (NASAA), and the Financial Industry Regulatory Authority (FINRA) are jointly issuing this Investor Alert to make investors aware of the increase of investment frauds involving the purported use of artificial intelligence (AI) and other emerging technologies.  Individual investors should know that bad actors are using the growing popularity and complexity of AI to lure victims into scams.