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The RIA AI-Use Audit Checklist

A practical checklist for documenting your AI use as an investment adviser. It’s a record-keeping aid informed by published SEC and FINRA guidance — not a statement that any field is required by a regulator. Use what fits your practice.

Before you use AI for client work

  • You have a written AI-use policy (even a one-pager) that says which tools are permitted and for what.
  • You know which uses create a record worth keeping: anything that informs a recommendation, a client communication, or an analysis you act on.

While you use AI

  • The prompt and the response are captured together — not just the output.
  • The tool, the date, and (where it matters) the client/matter are recorded.
  • You can tell later which version of which model produced what.

Retention

  • AI-related records are kept on the same five-year clock as the advice they support (Rule 204-2).
  • Records are stored so they can’t be silently altered after the fact — and so you can produce them on request.

When an examiner asks

  • You can show what you asked, what the AI returned, and when.
  • You can demonstrate the record wasn’t edited after it was created.
  • You can hand over a copy that the examiner can verify independently.

AuditTrail automates the capture, sealing, and export steps above across ChatGPT, Claude, and Gemini. This checklist is a recordkeeping aid, not legal advice, and does not certify compliance with any regulation.

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