Enforcement against so called finfluencers is also well known in the U.S. with the SEC having issued multiple warnings against those who perpetrate pump-and-dump schemes on social media.

Many jurisdictions like Australia are holding or have held hearings on the impact of AI in financial services. Last September, the United States Senate Committee on Banking, Housing, and Urban Affairs held a hearing on "Artificial Intelligence in Financial Services." The purpose of this hearing, which followed a series of hearings throughout the Senate Committees, was to discuss the current and future applications of AI in the financial services industry, aiming to assess the potential risks…