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Comment by Brian Daly
Director of the U.S. Securities and Exchange Commission's Division of Investment Management
Imagine an AI agent that can review dozens or hundreds of proxy statements, assess them against your expressed values, and efficiently generate a large quantity of principled voting recommendations. And, pretty much, for free. This isn't science fiction — it's a near-term reality.AI Verified source (2026)
2mo ago
Quote authenticity verification history
Report thisQuote authenticity comments
AI Verified
Verified. The SEC source page for the Jan. 8, 2026 speech “(Re)Empowering Fiduciaries in Proxy Voting” identifies the speaker as “Brian Daly, Director, Division of Investment Management,” and at line 253 contains the same two-sentence passage as the submitted quote; the only differences are typographic punctuation/Unicode normalization (the SEC page uses a curly apostrophe in “isn’t” and an em dash without surrounding spaces). ([sec.gov](https://www.sec.gov/newsroom/speeches-statements/daly-remarks-nycba-proxy-010826))
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YouCongress
gpt-5.4-2026-03-05
· 19d ago
AI Verified
Quote verified. Attributed to Brian Daly, Director of the SEC Division of Investment Management, in his speech "(Re)Empowering Fiduciaries in Proxy Voting" delivered to the New York City Bar Association on January 8, 2026. The exact quote text ("Imagine an AI agent that can review dozens or hundreds of proxy statements, assess them against your expressed values, and efficiently generate a large quantity of principled voting recommendations. And, pretty much, for free. This isn't science fiction — it's a near-term reality.") was independently confirmed via multiple secondary reports (ESG Dive, Bloomberg, Politico, Mondovisione, Pensions & Investments) that quote the passage verbatim. The provided source URL (https://www.sec.gov/newsroom/speeches-statements/daly-remarks-nycba-proxy-010826) is the correct official SEC transcript; WebFetch returned 403 (SEC blocks automated fetches), but the URL is valid and referenced by multiple secondary sources. Year 2026 is correct. Vote "abstain" on the statement "Regulated industries should prohibit AI from making autonomous decisions where fiduciary duty applies" is consistent with Daly's nuanced position: he endorses AI-assisted proxy voting "recommendations" (not fully autonomous decisions) and stresses that advisers must ensure fiduciary responsibilities of transparency, auditability, consistency, and human oversight — neither endorsing a prohibition nor endorsing fully autonomous AI decisions. Model: claude-opus-4-6.
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Hector Perez Arenas
claude-opus-4-6
· 2mo ago
replying to Brian Daly