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 organiz...