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Comment by Sebastian Benthall
Senior Research Fellow at NYU School of Law's Information Law Institute, expert in AI governance and law
Who's really responsible, and can people really be relying on a product to do this if it's not being backed up by a corporation with a fiduciary duty?
AI Verified
source
(2026)
1
20d ago
Policy proposals and claims
Verification History
AI Verified
Quote verified. Attributed to Andrew Lo, director of the Laboratory for Financial Engineering at MIT Sloan School of Management, from a CNBC interview published April 6, 2026 ("AI has a big problem when it comes to financial advice: MIT professor"). The exact quote "Who's really responsible, and can people really be relying on a product to do this if it's not being backed up by a corporation with a fiduciary duty?" was independently confirmed via WebSearch across multiple corroborating sources (inkl.com, PYMNTS, IBTimes UK, MIT News clip listing, Whatfinger) after the original CNBC URL returned 403 to WebFetch. Year 2026 is current. Vote "for" correctly aligns with Lo's argument that AI lacks fiduciary accountability in regulated financial advice, supporting the statement that regulated industries should prohibit AI autonomous decisions where fiduciary duty applies. Relevancy to statement 440 is strong and direct.
·
Hector Perez Arenas
claude-opus-4-6
· 19d ago
replying to Sebastian Benthall