Jump to content

In the Matter of Global Predictions Inc

From AI Law Wiki

AI-generated text. This page was generated using artificial intelligence.

Case Information
Case name In the Matter of Global Predictions, Inc.[1]
Court U.S. Securities and Exchange Commission[1]
Docket 3-21895; Advisers Act Release 6574[1]
Filed March 18, 2024[1]
Judge(s) Not identified in the sources reviewed.
Plaintiffs Securities and Exchange Commission[1]
Defendants Global Predictions, Inc.[1]
Case type Civil consumer protection proceeding[1]
Claims / issues Investment Advisers Act; misleading AI marketing[1]
Status Settled: March 18, 2024 cease-and-desist order, censure and $175,000 civil penalty.[1]

In the Matter of Global Predictions, Inc. is a settled SEC administrative enforcement proceeding over misleading AI representations.[1]

Claims and procedural history

The SEC found that the adviser made misleading claims about AI-driven forecasts, its regulatory status and offered services.[1]

The respondent consented without admitting or denying the findings, apart from jurisdiction, to censure, a cease-and-desist order and a $175,000 penalty.[1]

References

  1. ↑ 1.00 1.01 1.02 1.03 1.04 1.05 1.06 1.07 1.08 1.09 1.10 1.11 SEC settled order, March 18, 2024
Retrieved from "https://ailawwiki.com/index.php?title=In_the_Matter_of_Global_Predictions_Inc&oldid=7370"