The Securities and Exchange Commission is not using computers as robocops to finger financial advisors, SEC Division of Economic and Risk Analysis Director Mark Flannery said Wednesday.

“The tools we in DERA are developing do not — indeed cannot — work are on their own. They require expert “human” oversight,” said the SEC executive.

Flannery added his unit is developing computer models employing disclosures from Form ADV to help the agency determine which advisors to examine for a wide variety of risks.

“Our goal is to help make SEC staff more nimble in their analyses by making relevant market participant information more accessible to interpretation of potential risks and misconduct,” he said.

Flannery’s comments came at Global Association of Risk Professionals conference in New York.