NEW YORK, Dec 21 - The U.S. Securities and Exchange Commission said on Friday it had settled charges with automated investment management providers Wealthfront Advisers LLC and Hedgeable Inc to resolve allegations that the companies had made false disclosures to their customers.In its first enforcement actions against so-called robo-advisers, the SEC fined Wealthfront $250,000 and Hedgeable $80,000, the regulator said. The companies did not admit or deny the SEC's findings.
U.S. regulator sanctions robo-advisers Wealthfront, Hedgeable on false disclosures
By MAARIV
12/23/2024 08:42 PM
By REUTERS
12/23/2024 08:16 PM
By YAKI ADAMKER
12/23/2024 07:31 PM
By REUTERS
12/23/2024 03:38 PM
By REUTERS
12/23/2024 02:05 PM
By REUTERS
12/23/2024 11:52 AM