Emerging Technologies Law is a blog by William Ting which examines 21st century legal, business & Social tech issues.

Investor Sues AI Hedge Fund

Investor Sues AI Hedge Fund

William Ting
AI, Fintech, Securities Law
(License purchased from iStockphoto.com)

(License purchased from iStockphoto.com)

Disgruntled investor sues AI hedge fund in the UK for trades gone bad.

In the news article cited, a simple due diligence on the AI software developer would have revealed that its founder “recently agreed to pay $17 million to the U.S. Securities and Exchange Commission to settle charges of defrauding investors at his mobile-payments company, Jumio Inc”! A red-flag.

Investors should engage multi-disciplinary attorneys who understand finance, law and emerging technology to scrutinize deals. These sort of disputes will only increase given the number of hedge funds using AI techniques. Investor beware!

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