What does ChatGPT know about online reviews and the SEC Marketing Rule?
If you haven’t yet taken a few minutes to play with ChatGPT, you really should. It’s amazing, and there’s almost no learning curve. I won’t spend much time explaining what it is – if you haven’t read any of the recent coverage about it just Google it.
I, of course, wanted to see how knowledgeable it was about online reviews, specifically with regard to the new SEC Marketing Rule. Now keep in mind, at the time of this post ChatGPT’s knowledge-base only goes through 2021, and the the SEC Marketing rule was only announced in December of 2020 (with a compliance deadline of November, 2022). So a lot of the detailed discussions of the implications of the new rule didn’t take place until 2022. Even with that caveat, what ChatGPT was able to produce (in about 3 seconds) was pretty amazing.
Now, to be clear, I don’t endorse the perspective or advice below. It’s not very nuanced, and not very relevant to the real opportunities presented by the new SEC rule. Still, it’s decent general advice, it’s well written, and it has some solid points. For context, I ran this experiment on December 9, 2022. Take a look…
Prompt: Write a blog post discussing how financial advisors might use online reviews under the new SEC Marketing Rule.
Pretty amazing, huh? All you have to do to explore for yourself is go to https://chat.openai.com/ , create a free account, and try to catch a window of time when it isn’t overloaded with traffic. The next wave of technology is going to be wild!