Bill: An Act to Criminalize the Use of Artificial Intelligence for Stock Trading

An Act to Criminalize the Use of Artificial Intelligence for Stock Trading


1. Short Title


This act may be cited as the “AI Stock Trading Ban Act.”


2. Purpose


The purpose of this act is to prohibit and criminalize the use of artificial intelligence or algorithms in securities trading, in order to prevent fraud, manipulation, and other harms that can result from the use of advanced technology in financial markets.


3. Definitions


For the purpose of this act, the following definitions shall apply:


(a) “Artificial Intelligence” means the use of software or hardware that mimics or performs tasks that would normally require human intelligence, including machine learning algorithms, neural networks, and other forms of automated decision-making.


(b) “Stock Trading” means the buying or selling of securities, including stocks, bonds, options, futures, and other financial instruments, on any public or private market.


4. Prohibited Activities


It shall be unlawful for any person, company, or organization to use artificial intelligence, algorithms, or other forms of automated decision-making in the process of stock trading, including but not limited to the following activities:


(a) Predicting stock prices or market trends through the use of AI or related technologies.


(b) Using AI to place orders or execute trades on behalf of human users.


(c) Creating or using AI-powered trading bots, algorithms or strategies to trade in securities markets.


5. Penalties


Any person, company, or organization found guilty of violating Section 4 of this act shall be subject to the following penalties:


(a) Violators shall be fined up to $1 million for each violation.


(b) In addition, any profits or gains resulting from the use of AI in stock trading shall be forfeited.


(c) Any individual who knowingly participates in the use of AI in stock trading shall be subject to imprisonment for a term not to exceed five years.


6. Exceptions


This act shall not apply to the use of artificial intelligence technology in securities trading for the purpose of market surveillance, regulatory compliance, or other activities necessary for the functioning of financial markets, as determined by the regulatory authorities.


7. Enforcement


The Securities and Exchange Commission (SEC) shall have the authority to enforce this act, and shall have the power to investigate and prosecute violations of this act.


8. Effective Date


This act shall take effect immediately upon its passage into law.


In summary, the AI Stock Trading Ban Act criminalizes the use of artificial intelligence in securities trading, with fines, imprisonment, and forfeiture of profits for violators. It makes exceptions for necessary activities such as market surveillance or regulatory compliance. The SEC is tasked with enforcing this act, and it goes into effect immediately upon passage.

Location: Sorrento, FL 32776, USA

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