Robo-Advisors

"If the proposal is adopted, firms that rely on the Internet Advisers Exemption—thus being regulated by the SEC rather than state securities regulators—would actually need ...

"The proposal would eliminate the ability for internet advisers to have any non-internet clients and require that the adviser’s website or mobile application always be ...

"An exemption that was intended to be quite narrow has become broad – and broadly-misused – to the benefit of certain non-compliant advisers who may ...

"Today’s proposed amendments would require an adviser to have an operational interactive website or mobile app, to provide advice solely to clients via the website, ...

"The Examinations staff found that nearly half of those firms relying on the exemption were ineligible to do so"

'Current regime isn't working,' Peirce says

Lack of communication between robo adviser's compliance personnel and engineers contributes to disclosure issues

SEC Chairman Gary Gensler has returned to a favorite theme, warning investment advisers and broker-dealers that they must get a handle on predictive data analytics ...

'Investors were unable to make a fully informed decision,' SEC claims as it hints at 'ongoing' developments

The advisers' "Forms ADV Part 2A, included misleading statements about the Respondents’ cash allocation decisions for the SIP portfolios, and failed to adequately disclose the ...