Deloitte (Drocks) at the Financial Misinformation Detection Challenge Task: Enhancing Misinformation Detection through Instruction-Tuned Models

AbstractLarge Language Models (LLMs) are capable of producing highly fluent and convincing text; however, they can sometimes include factual errors and misleading information. Consequently, LLMs have emerged as tools for the rapid and cost-effective generation of financial misinformation, enabling bad actors to harm individual investors and attempt to manipulate markets. In this study, we instruction-tune Generative Pre-trained Transformers (GPT-4o-mini) to detect financial misinformation and produce concise explanations for why a given claim or statement is classified as misinformation, leveraging the contextual information provided. Our model achieved fourth place in Financial Misinformation Detection (FMD) shared task with a micro F1 score of 0.788 and a ROUGE-1 score of 0.743 on the private test set of FACT-checking within the FINancial domain (FIN-FACT) dataset provided by the shared task organizers.