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SEC’s 1st Robo-Adviser Fines Hit Wealthfront, Hedgeable

Tiomkin Law Offices of Elliott Tiomkin > Legal News  > SEC’s 1st Robo-Adviser Fines Hit Wealthfront, Hedgeable

SEC’s 1st Robo-Adviser Fines Hit Wealthfront, Hedgeable

The U.S. Securities and Exchange Commission notched its first enforcement action against computer-automated investment advisers Friday with Wealthfront Advisers LLC and Hedgeable Inc. agreeing to pay a combined $330,000 to settle charges of misleading consumers.

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