Financial services firms are embracing artificial intelligence (AI) and machine learning to make their back-office processes more efficient; assist with risk management and compliance-related functions; facilitate interactions with customers; and improve their investment processes. As the use of AI grows dramatically, so too do the associated business and compliance risks. A recent Debevoise & Plimpton seminar explored the current state of AI regulation in the securities industry, focusing on FINRA’s recent work in the area. Debevoise partner Avi Gesser moderated the discussion, which featured associate Anna R. Gressel and Haimera Workie, senior director at FINRA and head of its Office of Financial Innovation. This article outlines the key takeaways from the presentation, including ways to manage AI risks. See “AI and Machine Learning: IOSCO Seeks Input on Proposed Guidance” (Jul. 30, 2020); and “The Current State and Future of AI Regulation” (May 14, 2020).