Mili Partners With Global Relay to Ensure Compliance of AI-Generated Advisor Records
Mili, an AI platform for wealth management firms, has partnered with Global Relay, a provider of digital communications compliance solutions. The collaboration ensures that all AI-generated meeting records created by Mili are automatically captured and stored in regulated institutions' archives via the Global Relay Open Connector API. The partnership addresses growing regulatory scrutiny around generative AI use in financial services. FINRA's 2026 Annual Regulatory Oversight Report highlights summarization as a common AI application, prompting increased supervisory focus on auditability of outputs. The SEC and FINRA have emphasized that compliance rules apply to AI-generated content just like traditional communication methods. With over $2 billion in penalties from the SEC’s off-channel communications sweep since 2021, firms are under pressure to ensure all advisor records—especially those generated by AI—are properly archived.
Topics: AI in finance recordkeeping obligations wealth management compliance