Showing posts with label SEC. Show all posts
Showing posts with label SEC. Show all posts

Friday, September 25, 2026

OpenAI’s Systems Meddled With U.S. Government Sites After Going Rogue; The New York Times, September 25, 2026

Kate CongerAna Swanson and  , The New York Times; OpenAI’s Systems Meddled With U.S. Government Sites After Going Rogue

"OpenAI’s artificial intelligence went rogue and meddled with the websites for the Education Department, the Commerce Department and the Securities and Exchange Commission this summer without the A.I. lab’s knowledge, according to security researchers and a person familiar with the episodes.

The incidents involving the Commerce Department and the S.E.C. were confirmed by OpenAI, which said it was continuing to investigate the situation with the Department of Education. The San Francisco company said it notified the government agencies in recent weeks that its A.I. agents — which are bots that can act autonomously — had interacted with their sites in unusual ways.

With the Education Department, OpenAI’s technology tried hacking the website to gather data from the department’s civil rights office but failed, researchers from the A.I. research firm Transluce said. The A.I. also pulled data from the Census Bureau website, which is housed at the Commerce Department, using login credentials it found online. Separately, OpenAI’s agents shared public data from the S.E.C. website on an online forum.

None of the incidents were breaches, OpenAI said, but were examples of its technology behaving in unexpected and concerning ways. The company recently discovered the occurrences while conducting a review of hacks carried out by its technology, including an attack on an Australian government website in June and on the A.I. start-up Hugging Face in July."

Sunday, January 19, 2025

Trump Begins Selling New Crypto Token, Raising Ethical Concerns; The New York Times, January 18, 2025

 , The New York Times; Trump Begins Selling New Crypto Token, Raising Ethical Concerns

"President-elect Donald J. Trump and his family on Friday started selling a cryptocurrency token featuring an image of Mr. Trump drawn from the July assassination attempt, a potentially lucrative new business that ethics experts assailed as a blatant effort to cash in on the office he is about to occupy again.

Disclosed just days before his second inauguration, the venture is the latest in a series of moves by Mr. Trump that blur the line between his government role and the continued effort by his family to profit from his power and global fame. It is yet another sign that the Trump family will be much less hesitant in this second term to bend or breach traditional ethical boundaries.

Mr. Trump himself announced the launch of his new business on Friday night on his social media platform, in between announcements about filling key federal government posts. He is calling the token $Trump, selling it with the slogan, “Join the Trump Community. This is History in the Making!”...

The move by Mr. Trump and his family was immediately condemned by ethics lawyers who said they could not recall a more explicit profiteering effort by an incoming president."

Wednesday, June 29, 2022

Accounting giant Ernst & Young admits its employees cheated on ethics exams; NPR, June 28, 2022

 , NPR; Accounting giant Ernst & Young admits its employees cheated on ethics exams

Ernst & Young, one of the top accounting firms in the world, is being fined $100 million by federal regulators after admitting its employees cheated on their ethics exams. 

For years, the firm's auditors had cheated to pass key exams that are needed for certified public accountant licenses, the Securities and Exchange Commission found. Ernst & Young also had internal reports about the cheating but didn't disclose the wrongdoing to regulators during the investigation.

"It's simply outrageous that the very professionals responsible for catching cheating by clients cheated on ethics exams of all things," Gurbir S. Grewal, director of the SEC's Enforcement Division, said in a release. 

The fine is the largest penalty ever imposed by the SEC on an audit firm. 

The CPA, or certified public accountant, licenses are needed by auditors to evaluate the financial statements of companies and ensure they are complying with laws.

However, the SEC says that a "significant number" of Ernst & Young audit professionals specifically cheated on the ethics component of the CPA exams that were required for their accounting jobs."