Document Type

Article

Publication Date

1-2025

Abstract

How will the increasing prevalence and sophistication of artificial intelligence (AI) change the doctrine and practice of securities law? My main thesis is that it will push securities regulation toward a more systems-oriented approach. This approach will replace securities law’s emphasis, in areas like manipulation, on forms of enforcement targeted at specific individuals and accompanied by punitive sanctions with a greater focus on ex ante rules designed to shape an ecology of actors and information.

Disciplines

Administrative Law | Law | Science and Technology Law | Securities Law

Comments

Originally appearing in the University of Chicago Law Review, 2025 U. Chi. L. Rev. Online 1 (2026). Reprinted with permission from the University of Chicago Law School.

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