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Join the Securities Litigation and Enforcement Group on LinkedInRobo-Adviser Betterment Launches Cryptocurrency Offering
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 […]
SEC Charges Two Robo-Advisers With False Disclosures
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.