The largest independent robo-adviser, Betterment, is letting its clients invest in a handful of crypto portfolios for the first time but with a caveat: Best not to go above 5% exposure. *** Over 730,000 retail customers can now invest in four curated portfolios of crypto assets covering everything from broad market themes to decentralized finance (DeFi) tokens, with metaverse plays…
The Securities and Exchange Commission today instituted settled proceedings against two robo-advisers for making false statements about investment products and publishing misleading advertising. The proceedings are the SEC’s first enforcement actions against robo-advisers, which provide automated, software-based portfolio management services. via SEC.gov | SEC Charges Two Robo-Advisers With False Disclosures.