SEC Charges Two Robo-Advisers With False Disclosures
FOR IMMEDIATE RELEASE
2018-300
Washington D.C., Dec. 21, 2018 —
The Securities and Exchange Commission today instituted settled proceedings against two robo-advisers for making false statements about investment products and publishing misleading advertising. The proceedings are the SEC’s first enforcement actions against robo-advisers, which provide automated, software-based portfolio management services.
Continue reading “What Is Your Robo-Advisor Up To? SEC Charges Two Robo-Advisers”