The structural problem with AI trading claims is not that they are false — it is that they are incomplete in a legally consequential way. The SEC charged two investment advisory firms in March 2024 for inflated AI claims that drew regulatory action, establishing that selectively presenting performance data constitutes a violation even when the underlying numbers are real. The retail influencer who posts a verified gain screenshot without disclosing the five positions that went to zero is operating in the same structural space as those firms — the enforcement…