---
title: "Review artificial-intelligence claims in a prospectus or investor presentation"
url: "https://ailawframework.com/practice/capital-markets-and-securities-ecm-dcm-and-disclosure/review-ai-capability-claims-in-a-prospectus-or-investor-deck/united-states"
type: "task_jurisdiction_version"
site: "AI Law Framework"
id: "A4-B6-1-US"
practice_area: "Capital Markets & Securities — ECM/DCM and Disclosure"
tier: "yellow"
lawyer_review: "required"
jurisdictions: ["US"]
last_reviewed: "2026-10-22"
---

# Review artificial-intelligence claims in a prospectus or investor presentation

> Put each claim about artificial intelligence into a table with the sentence, the page, and the document in the file that supports or contradicts it. Write no sentence of the prospectus or the presentation.

Canonical page: https://ailawframework.com/practice/capital-markets-and-securities-ecm-dcm-and-disclosure/review-ai-capability-claims-in-a-prospectus-or-investor-deck/united-states  
Last reviewed: 2026-10-22

Site index for agents: https://ailawframework.com/llms.txt

## Key facts

| Fact | Value |
| --- | --- |
| Practice area | [Capital Markets & Securities — ECM/DCM and Disclosure](https://ailawframework.com/practice/capital-markets-and-securities-ecm-dcm-and-disclosure.md) |
| Human involvement | Yellow: Lawyer and AI draft together |
| How AI is used | Put each claim about artificial intelligence into a table with the sentence, the page, and the document in the file that supports or contradicts it. Write no sentence of the prospectus or the presentation. |
| What the lawyer must review | Item 105 of Regulation S-K (17 CFR § 229.105) requires, where appropriate, a discussion under the caption Risk Factors of the material factors that make an investment in the registrant or the offering speculative or risky. Each risk needs a subcaption that describes it, and the discussion must explain how the risk affects the registrant or the securities, in plain English (17 CFR § 230.421(d)). Generic risks, if used, go at the end under the caption General Risk Factors. If the discussion is longer than 15 pages, the forepart must include a summary of no more than two pages. Section 11 (15 U.S.C. § 77k) reaches an untrue statement or a required omission in the registration statement when the relevant part became effective. Rule 10b-5 (17 CFR § 240.10b-5) prohibits an untrue statement of a material fact, or an omission of a material fact necessary to make statements made not misleading, in connection with the purchase or sale of any security. On 18 March 2024 the Commission announced settled charges against Delphia (USA) Inc. (civil penalty $225,000) and Global Predictions Inc. (civil penalty $175,000) for false and misleading statements about their use of artificial intelligence, and said public issuers must remain vigilant about similar misstatements that may be material. You decide which claims are material and which sentences are filed. |
| Written for | United States |
| Applies to | [Review AI-capability claims in a prospectus or investor deck](https://ailawframework.com/practice/capital-markets-and-securities-ecm-dcm-and-disclosure/review-ai-capability-claims-in-a-prospectus-or-investor-deck.md) |

## Checking plan

- What the AI does: Put each claim about artificial intelligence into a table with the sentence, the page, and the document in the file that supports or contradicts it. Write no sentence of the prospectus or the presentation.
- Basis: Checked against the linked sources on 22 October 2026. Confirm the current instrument before reliance.

## Notes

- The 18 March 2024 release describes the orders. Open IA-6573 and IA-6574 before quoting a finding from an order.
- The Marketing Rule discussed in that release applies to investment advisers. An issuer prospectus is checked under the Securities Act, Item 105 and Rule 10b-5.

## Sources

- [17 CFR § 229.105, Item 105, Risk factors](https://www.law.cornell.edu/cfr/text/17/229.105) (checked 2026-10-22)
- [15 U.S.C. § 77k, civil liabilities on account of a false registration statement (Securities Act § 11)](https://www.law.cornell.edu/uscode/text/15/77k) (checked 2026-10-22)
- [17 CFR § 240.10b-5, employment of manipulative and deceptive devices](https://www.law.cornell.edu/cfr/text/17/240.10b-5) (checked 2026-10-22)
- [SEC Press Release 2024-36, charges against two investment advisers for false statements about artificial intelligence (18 March 2024)](https://www.sec.gov/newsroom/press-releases/2024-36) (checked 2026-10-22)

*Practice guidance for planning and review. Confirm current primary sources and the requirements of the actual matter. This is general information, not legal advice.*