---
title: "Review an advice-drafting process without writing advice"
url: "https://ailawframework.com/practice/financial-services-regulation/review-a-licensee-s-ai-drafted-statement-of-advice-process/united-states"
type: "task_jurisdiction_version"
site: "AI Law Framework"
id: "A28-B6-1-US"
practice_area: "Financial Services Regulation (AFSL/ASIC/credit)"
tier: "red"
lawyer_review: "required"
jurisdictions: ["US"]
last_reviewed: "2026-10-22"
---

# Review an advice-drafting process without writing advice

> List the steps in the file between an AI draft and the version that would be sent to a client, and whether a person is named as reviewing it. Write no advice sentence.

Canonical page: https://ailawframework.com/practice/financial-services-regulation/review-a-licensee-s-ai-drafted-statement-of-advice-process/united-states  
Last reviewed: 2026-10-22

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

## Key facts

| Fact | Value |
| --- | --- |
| Practice area | [Financial Services Regulation (AFSL/ASIC/credit)](https://ailawframework.com/practice/financial-services-regulation.md) |
| Human involvement | Red: Lawyer writes; AI may check, clarify or collect data |
| How AI is used | List the steps in the file between an AI draft and the version that would be sent to a client, and whether a person is named as reviewing it. Write no advice sentence. |
| What the lawyer must review | A statement of advice, or any client advice, that will be sent is written by the lawyer or the adviser responsible for it. The tool writes none of it. Rule 206(4)-7 requires written policies reasonably designed to prevent violations, a review no less frequently than annually, and a designated chief compliance officer. Press release 2024-36, 18 March 2024, describes settled charges for false and misleading statements about the use of artificial intelligence. Formal Opinion 512 requires verification before output is used. |
| Written for | United States |
| Applies to | [Review a licensee's AI-drafted Statement of Advice process](https://ailawframework.com/practice/financial-services-regulation/review-a-licensee-s-ai-drafted-statement-of-advice-process.md) |

## Checking plan

- What the AI does: List the steps in the file between an AI draft and the version that would be sent to a client, and whether a person is named as reviewing it. Write no advice sentence.
- Basis: Checked against the linked sources on 22 October 2026. Confirm the current instrument before reliance.

## Notes

- The tool writes no client advice.
- Do not describe the process as compliant because a step is listed.

## Sources

- [17 C.F.R. section 275.206(4)-7, Compliance procedures and practices](https://www.law.cornell.edu/cfr/text/17/275.206(4)-7) (checked 2026-10-22)
- [SEC Press Release 2024-36 (18 March 2024)](https://www.sec.gov/newsroom/press-releases/2024-36) (checked 2026-10-22)
- [ABA Formal Opinion 512, Generative Artificial Intelligence Tools (29 July 2024)](https://www.americanbar.org/content/dam/aba/administrative/professional_responsibility/ethics-opinions/aba-formal-opinion-512.pdf) (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.*