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Robo Adviser Settles Conflicts of Interest Case

August 25, 2021 by Louis Chunovic

Robo Adviser Settles Conflicts of Interest Case

San Francisco-based robo adviser SoFi Wealth, LLC stands accused by the Securities and Exchange Commission of “breaches of fiduciary duty” regarding approximately 20,000 exchange-traded-funds (ETF) customers. In the customary formulation, the advisory firm neither admits nor denies the SEC charges. However, it is paying the $300,000 penalty. And it has agreed to be censured and… Read More >>

Filed Under: Securities Operations, Buy-Side, Data Management, Middle-Office, Operational Risk, Ops Automation, Risk Management, Governance, Standards, Performance Measurement, KYC, Regulation & Compliance, Regulatory Reporting, Industry News Tagged With: automation, back office, compliance, ETFs, performance measurement, Public Company Disclosures, regulatory reporting, SEC, SoFi Wealth

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