SEC warns of widespread issues with robo-advice
The agency issued a risk alert and deficiency letters to almost all of the robo-advisers examined, citing shortcomings in how the companies manage portfolios and disclose conflicts. The alert could signal future enforcement actions.
The Securities and Exchange Commission recently issued deficiency letters to almost every robo-adviser, citing shortcomings in how those companies are managing portfolios and disclosing conflicts of interest, which could signal future enforcement actions in the months and years to come.
The
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