Joot Blog

Stay up to date with perspectives, news and updates pertaining to investment management technology, legal, compliance and more.

Will AI Revolutionize Regtech? Part 4: If You Do the Right Thing

Oct 12, 2021 2:47:40 PM / by Bo J. Howell & Cal Al-Dhubaib posted in Artificial Intelligence, Compliance Technology, Guest Author, FinTech, RegTech

Get advice for ethically developing and implementing AI projects that make work more fulfilling and build trust with your clients.

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Will AI Revolutionize Regtech? Part 3: If You Build It

Sep 28, 2021 4:25:57 PM / by Bo J. Howell & Cal Al-Dhubaib posted in Artificial Intelligence, Compliance Technology, Guest Author, FinTech, RegTech

Realize the value of building AI-driven fintech and regtech solutions and get practical advice for starting your own AI project.

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Will AI Revolutionize Regtech? Part 2: It’s a Work in Progress

Aug 31, 2021 4:34:22 PM / by Bo J. Howell posted in Artificial Intelligence, Compliance Technology, FinTech, Interview, RegTech

Discover how some financial services firms are currently leveraging artificial intelligence and machine learning in fintech and regtech.

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Will AI Revolutionize Regtech? Part 1: Faster, Easier, Richer

Jul 20, 2021 12:08:18 PM / by Bo J. Howell posted in Artificial Intelligence, Compliance Technology, FinTech, RegTech

Check out the ways artificial intelligence and machine learning are playing increasingly important roles in fintech and regtech.

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Leveraging Technology with the New SEC Marketing Rule

May 18, 2021 3:17:50 PM / by Bo J. Howell posted in SEC, SEC Rule, SEC Updates, Artificial Intelligence, Compliance Technology

Our last post on the new SEC marketing rule covered some basics, including the newly expanded definition of advertising and the seven general prohibitions that apply to all ads. In this post, we describe key ways technology can be leveraged to implement the new rule. Upcoming posts in this series will examine testimonials and endorsements, presentation of performance results, third-party ratings, record-keeping and Form ADV requirements, review and approval of advertisements, and overall best practices.

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Rise of the machines, Part 1: How increased automation in financial services impacts society

Nov 7, 2019 1:00:00 PM / by Bo J. Howell posted in Artificial Intelligence, automation, John Simmons


By Bo J. Howell

Recently, I read some articles in The Economist newspaper that talked about the increasing use of computers in asset management. While the topic is not new to those of us in the industry, I thought of our recent intern, John Simmons, who is graduating from Xavier University next month and is focused on becoming a portfolio manager. I wondered what skills does John need today to be successful in twenty years. It dawned on me that unlike college graduates of prior generations, who only needed a solid grounding in finance along with basic computer skills, John was probably going to work with machines in ways that are unknown to many of today’s portfolio managers. 

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Did AI just result in 13 settlements?

Jul 6, 2018 7:30:55 AM / by Bo J. Howell posted in Enforcement, Form PF, Investment Advisers, SEC, Advisers Act, Artificial Intelligence, Compliance, Disclosure, Form ADV

At the beginning of June, the SEC announced settlements against 13 private fund advisers[1] for failing to provide the required information in Form PF.[2] Generally, Form PF requires information on private funds managed by investment advisers if the total assets of the private funds are over $150 million. The form, which became effective in 2012, asks for information on a private fund’s assets under management, strategy, performance, investments, and other areas. The form must be updated annually or when there is a material change to the information in the most recent filing. As stated in its orders, the SEC and other regulatory, such as the Financial Stability Oversight Council, use the information in Form PF to watch systemic risk in the private fund industry. Additionally, the SEC uses the form in regulatory exams and investigations. (Emphasis added.) The same is true for Form ADV.

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Artificial Intelligence at Service Providers

Apr 19, 2018 2:00:54 AM / by Bo J. Howell posted in Investment Advisers, Service Providers, Artificial Intelligence, Directors/Trustees

In Part 1 of our discussion of the use of artificial intelligence in the investment management industry, we discussed how the SEC is getting big data as its first step to developing AI systems. In this second post of our three-part series, we discuss how AI systems are being used by service providers and the impact of those systems on asset managers. Our next post will discuss how asset managers are using and benefiting from AI systems.

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Artificial Intelligence at the SEC

Apr 16, 2018 2:00:12 AM / by Bo J. Howell posted in FSOC, Investment Advisers, KPMG, SEC, SEC Updates, Artificial Intelligence, Directors/Trustees

For years now, the concept of “Big Data” has been wildly popular in the business world. It seemed that everyone who was anyone was using big data to improve performance, boost revenue, and break into new markets. For true technology innovators, big data was the first step to something bigger: artificial intelligence.

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