# Atkins remarks at FSOC AI roundtable (Mar 2026): Remarks at Financial Stability Oversight Council Artificial Intelligence Innovation Series Roundtable on Strategy and Governance Principles

Source: https://www.bankingnewsai.com/ai-regulation/documents/sec-atkins-fsoc-ai-roundtable-2026
Last updated: Aug 26, 2026

Speaking at the Financial Stability Oversight Council's AI Innovation Series roundtable on March 4, 2026, SEC Chairman Paul Atkins laid out the current SEC posture on AI: the agency's own AI Task Force (created August 2025) is building tools for exam risk assessment, misconduct detection, and disclosure review, but 'algorithmic detection of possible misconduct… cannot serve as the sole basis of an SEC enforcement action.' On disclosure, he said principles-based, materiality-rooted rules should govern AI just as any other development, that 'prescriptive mandates are not the answer to every emerging technology,' and that AI-washing enforcement continues because 'misconduct remains misconduct, regardless of the medium.'

## At a glance

| Field | Value |
| --- | --- |
| Authority | [SEC](https://www.bankingnewsai.com/ai-regulation/sec) |
| Type | Speech |
| Status | Final |
| Published | Mar 4, 2026 |
| Applies to | Public companies, broker-dealers, and investment advisers; statement of the Chairman's own views |
| Official text | https://www.sec.gov/newsroom/speeches-statements/atkins-remarks-at-financial-stability-oversight-council-artificial-intelligence-innovation-series-roundtable-030426 |

## Key points

- Confirms the SEC will not create AI-specific disclosure line items; the test remains whether a reasonable shareholder would consider the information important.
- Describes AI Task Force use cases: risk assessments for potential examinations, fraud and rule-violation detection, faster disclosure review, comment-letter analysis, and market-wide risk evaluation.
- Commits to human judgment at every stage of risk assessment and enforcement — an AI flag alone cannot ground an action.
- Reaffirms enforcement against 'false, misleading, or exaggerated claims about the use of AI' and against fraud that uses AI.
- Invites market participants to engage SEC staff on innovative AI use cases.
- Delivered as part of Treasury/FSOC's cross-agency AI Innovation Series, alongside banking regulators.

## What changed for banks

It is the clearest signal that the IAC's December 2025 disclosure recommendation will not become guidance under this Commission, and that the SEC's AI agenda is internal adoption plus enforcement. For bank holding companies, AI disclosure remains a materiality judgment; for their advisory and brokerage arms, the exam priorities and AI-washing precedents are the operative constraints.

## Use cases it governs

- [AI governance (general)](https://www.bankingnewsai.com/ai-regulation/by-use-case#governance-general)
- [Generative & agentic AI](https://www.bankingnewsai.com/ai-regulation/by-use-case#generative-agentic-ai)

## FAQ

### What is the SEC's position on AI disclosure under Chairman Atkins?

Materiality-based, principles-driven disclosure under existing rules; no AI-specific line items or checklists. Atkins said so explicitly at the FSOC AI roundtable on March 4, 2026.

### Will the SEC bring enforcement cases based on AI detection alone?

No. Atkins said algorithmic detection can surface anomalies but cannot be the sole basis of an enforcement action; human judgment is required at every stage.

## Related documents

- [Atkins remarks at Investor Advisory Committee (Sep 2026)](https://www.bankingnewsai.com/ai-regulation/documents/sec-atkins-iac-ai-disclosure-remarks-2026-09) — Remarks at the SEC Investor Advisory Committee Meeting on AI Technologies and the Public Markets Information Ecosystem (Sep 10, 2026)
- [Investor Advisory Committee AI disclosure recommendation](https://www.bankingnewsai.com/ai-regulation/documents/sec-iac-ai-disclosure-recommendation-2025) — Recommendation of the SEC Investor Advisory Committee Regarding the Disclosure of Artificial Intelligence's Impact on Operations (Dec 4, 2025)
- [Division of Examinations FY2026 Priorities](https://www.bankingnewsai.com/ai-regulation/documents/sec-exam-priorities-fy2026) — Examination Priorities: Fiscal Year 2026 — Division of Examinations (Nov 17, 2025)
- [SEC withdrawal of proposed rules (33-11377)](https://www.bankingnewsai.com/ai-regulation/documents/sec-pda-proposal-withdrawal-33-11377) — Withdrawal of Proposed Regulatory Actions — including the predictive data analytics conflicts proposal (Jun 12, 2025)
- [SEC v. Saniger (Nate, Inc.)](https://www.bankingnewsai.com/ai-regulation/documents/sec-nate-saniger-ai-washing-2025) — SEC Charges Founder of Nate, Inc. with Fraud Over False Claims About the Company's Use of Artificial Intelligence (Apr 9, 2025)
- [Presto Automation AI-washing order](https://www.bankingnewsai.com/ai-regulation/documents/sec-presto-automation-ai-washing-2025) — SEC Charges Restaurant-Technology Company Presto Automation for Misleading Statements About AI Product (Jan 14, 2025)
- [Division of Examinations FY2025 Priorities](https://www.bankingnewsai.com/ai-regulation/documents/sec-exam-priorities-fy2025) — Examination Priorities: Fiscal Year 2025 — Division of Examinations (Oct 21, 2024)
- [Delphia / Global Predictions AI-washing settlements](https://www.bankingnewsai.com/ai-regulation/documents/sec-delphia-global-predictions-ai-washing-2024) — SEC Charges Two Investment Advisers with Making False and Misleading Statements About Their Use of Artificial Intelligence (Mar 18, 2024)

Last reviewed Aug 26, 2026. Cite the official text (https://www.sec.gov/newsroom/speeches-statements/atkins-remarks-at-financial-stability-oversight-council-artificial-intelligence-innovation-series-roundtable-030426) for the rule and this page for the summary and dates.

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