Robo adviser Wealthfront settles with SEC


The Securities and Exchange Commission said Friday that Redwood City-based Wealthfront Advisers LLC agreed to settle the agency’s claims against the fintech for a $250,000 fine.

In its first actions against a robo advisers, the SEC alleged that Wealthfront, with more than $11 billion in assets under management, made false statements about its investment products and published misleading advertising. Wealthfront settled without admitting or denying that it misled investors about its services.

The…

Previous Boutique Roseville accounting firms merge
Next Facebook may introduce cryptocurrency transfers on WhatsApp