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Join the Securities Litigation and Enforcement Group on LinkedInSEC Charges Investment Adviser Betterment for Misstatements Concerning Tax Loss Harvesting Service
The Securities and Exchange Commission today charged investment advisory firm Betterment LLC for material misstatements and omissions related to its automated tax loss harvesting service (TLH), failing to provide clients with notice of changes to contracts, and failing to maintain certain required books and records. To settle the charges, Betterment agreed to pay a $9 million […]