Search Results for keywords:"bias"

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Search Results: keywords:"bias"

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  • 2024-28255 — Self-Regulatory Organizations; MIAX Emerald, LLC; Notice of Filing of Proposed Minor Rule Violation Plan
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    Type:Notice
    Citation:89 FR 95833
    Reading Time:about 6 minutes

    MIAX Emerald, LLC has submitted a proposal to the Securities and Exchange Commission (SEC) to create a Minor Rule Violation Plan (MRVP). This plan would allow certain minor rule violations to be punished with fines up to $2,500 and would not require immediate reporting to the SEC, as long as summary reports are sent quarterly. This proposal excludes some conduct policies and aims to make handling minor infractions more efficient. The public is invited to comment on the proposal, and the SEC will decide on its approval by December 24, 2024.

    Simple Explanation

    MIAX Emerald wants to have a new plan where small rule breakings get a small fine, like a parking ticket, without telling the big boss unless they happen a lot. But people are worried because it's not clear which rules are small or why some rules aren't included.

  • 2024-28716 — IntelliVision Technologies Corp.; Analysis of Proposed Consent Order To Aid Public Comment
    Type:Notice
    Citation:89 FR 96984
    Reading Time:about 10 minutes

    The Federal Trade Commission (FTC) has issued a proposed consent order regarding IntelliVision Technologies Corp., which will settle allegations of misleading claims made about their facial recognition software. The FTC accused IntelliVision of falsely claiming high accuracy rates and unbiased performance across genders and races, as well as their software’s robustness against spoofing attempts. This Proposed Order includes measures to prevent similar misleading claims in the future and will remain open for public comment until January 6, 2025. Furthermore, the company is required to ensure their claims are supported by competent and reliable testing, and they must comply with specific accuracy and reporting requirements outlined by the FTC.

    Simple Explanation

    The FTC told a company called IntelliVision that they couldn't say their face-detecting software was super great and fair for everyone unless they really tested it to be sure. The FTC wants people to share what they think about this decision until early January 2025.