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SEC issues new guidance on ‘robo-advisers’

Jaclyn Jaeger | February 23, 2017

The Securities and Exchange Commission this week published information and guidance for investors and the financial services industry on the fast-growing use of robo-advisers.

Because of the unique issues raised by robo-advisers—registered investment advisers that use computer algorithms to provide investment advisory services online with often limited human interaction—the SEC’s Division of Investment Management issued guidance for investment advisers with suggestions on meeting disclosure, suitability, and compliance obligations under the Investment Advisers Act.

A second publication, an Investor Bulletin issued by the SEC’s Office of Investor Education and Advocacy, provides individual investors with information they may need to make informed decisions if they consider using...

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