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Sobriety Circles, PBC

Statement on Ethical Use of Artificial Intelligence Technologies

This Policy was updated on, and its effective date is: April 2nd, 2024.

At Sobriety Circles, PBC, we are committed to upholding the highest ethical standards in the use of artificial intelligence (AI) technologies. We recognize the transformative potential of AI in enhancing the quality and efficiency of our services, but we also understand the ethical responsibilities that come with its deployment. This statement outlines our principles for the ethical use of AI technologies:

1. Transparency: We commit to transparency in how AI is employed in our financial services. We will provide clear explanations of how AI algorithms are used, the data sources involved, and the purposes they serve.

2. Fairness and Bias Mitigation: We will actively work to identify and mitigate biases in AI algorithms that could lead to unfair or discriminatory outcomes. Our AI tools will be continuously monitored to ensure equitable treatment for all clients.

3. Privacy and Data Security: SCP places the utmost importance on safeguarding the privacy and security of client data. We will adhere to all applicable data protection laws and regulations and implement robust security measures to protect sensitive information.

4. Accountability: We accept responsibility for the decisions made by our AI systems. Human oversight and accountability mechanisms will be in place to address any errors or unexpected outcomes arising from AI technology.

5. Client Benefit: Our primary focus is on delivering value to our clients through the ethical use of AI. We will use AI to enhance the quality of financial planning, portfolio management, and other services while always prioritizing our clients' best interests.

6. Continuous Improvement: SCP is committed to ongoing learning and improvement in the ethical use of AI. We will stay informed about best practices, emerging ethical concerns, and evolving regulations to ensure our AI systems align with ethical standards.

7. Legal and Regulatory Compliance: We will adhere to all relevant laws and regulations governing the use of AI in the financial sector. Compliance with industry-specific standards is essential to maintaining ethical practices.

8. Ethical Partnerships: SCP will collaborate with AI technology providers and partners who share our commitment to ethical AI. We will assess their practices and ensure they align with our ethical principles.

9. Ethical Education: We will promote awareness and understanding of ethical AI principles among our employees and clients, fostering a culture of responsible AI use.

10. Ethical Advocacy: LTWM will actively participate in industry discussions and initiatives related to AI ethics. We will advocate for policies and practices that prioritize ethical AI adoption across the financial services sector.

By adhering to these principles, Sobroety Circles, PBC aims to harness the power of AI technologies while ensuring that ethical considerations guide our decisions and actions. We recognize that the ethical use of AI is an ongoing commitment and pledge to adapt our practices as AI technologies and ethical standards evolve.

Peter Meng - CEO

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