The SEC is focusing on determining how robo advisers such as Betterment and BlackRock’s Future Advisor provide customers with enough information to understand how the service works
Focus is on determining how robo advisers such as Betterment and BlackRock’s Future Advisor comply with the SEC’s existing rules The U.S. Securities and Exchange Commission is examining whether robo advisers that use computers to pick investments for clients provide customers with enough information to understand how the service works, SEC Chairman Mary Jo White said Monday. Speaking at a forum that included executives of Betterment LLC and BlackRock Inc.’s Future Advisor, Ms. White said the SEC is focused on determining how these new business models comply...
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