The U.S. Securities and Exchange Commission warned against companies making bold, unfounded claims about their technological capabilities this past December. And it wasn’t long before it started enforcing its cautionary message.

On March 18, the agency issued two charges against investment advisers Delphia (USA) Inc. and Global Predictions Inc. for making inaccurate statements about their purported use of AI. The two cases are the agency’s first enforcement actions targeting AI washing and hint at more activity ahead from not just the SEC, but also other state and federal agencies monitoring businesses’ use of the technology.