WASHINGTON -- Robo advice gained a strong voice of support from SEC Chairwoman Mary Jo White, who said it has the potential to offer retail investors "broader and more affordable access to our markets."
Addressing the SEC's first ever fintech forum, White said that the regulatory body was focused on treating robo advisers as RIAs. The commission is examining them based on their ability to uphold their fiduciary duty, how they safeguard client information and how they design compliance programs.
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