Securities Regulation
3 articles
Does Your AI Trading Agent Need to Register as a Broker-Dealer?
When an AI agent executes trades for other people, the 1934 Act asks one thing: for whose account? An agent that effects transactions for someone else's account is a broker and generally must register; one that trades its own account may be an exempt 'trader,' and one that matches other users' orders can become an exchange. Autonomy does not change which hat you wear.
Does Your AI Trading Agent Need to Register as an Investment Adviser?
When an AI agent recommends securities to clients for a fee, the Investment Advisers Act asks one thing: what is the advice, not who — or what — delivers it. An autonomous agent that gives personalized investment advice for compensation is judged by the same three-part test as a human adviser, and no line of code creates an exemption.
AI Agent Liability in DeFi: Who's Responsible When the Bot Trades?
AI agents are executing autonomous financial transactions in DeFi right now. A former SEC Honors Program intern analyzes the products liability, securities, commodities, and AML exposure deployers face—with case law, enforcement precedents, and a compliance roadmap.
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