In the decades following the Great Depression, the Martin Act became a powerful tool for civil protection against fraud. By the early 1990s, the Martin Act was regularly employed against larger institutions as well as smaller fraudulent schemes.
Adam S. KaufmannMarc Frazier Scholl“Short-sellers spread rumors to drive down stock prices.” “Promoters use misleading and exaggerated claims to sell investment opportunities in high-risk companies.”
Although these could be the headlines of today, they were the likes of headlines nearly a century ago. For then, as now, there was no shortage of efforts to dupe the public into investing in “schemes which have no more basis than so many feet of 'blue sky.'”
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New York is one of the first states to adopt laws to regulate artificial intelligence use in advertising and to strengthen post-mortem publicity rights regarding AI-generated replicas and “synthetic performers.” Given the state’s role as a bellwether for consumer-protection and advertising regulation, these new laws, combined with the state’s broader AI legislative framework, represent a shift toward transparency, consent and accountability.
State app store age verification regimes do more than reallocate responsibility between platforms and developers. They create a new data supply chain for age knowledge, one that can move COPPA questions from “do we ask age?” to “what do we do when the platform tells us?” The teams that handle this best will treat platform age signals as sensitive compliance inputs: minimize them, tightly control where they flow, and design product behavior so that minors do not trigger unnecessary collection or disclosure.
The firms leading right now chose to ask what would become possible if they managed the entire revenue lifecycle — from invoice generation to cash receipt — in one place, and what AI could actually accomplish with complete data instead of partial feeds. That is the Power of One.
A recent decision from the U.S. District Court for the Southern District of New York (SDNY), United States v. Heppner, has generated outsized commentary suggesting that the use of generative AI tools may jeopardize attorney-client privilege. A closer reading shows something far less dramatic.
