Robo-adviser SOFI Wealth to pay $300,000 to settle SEC charges over conflicts - NewsBreak

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By Faria in Business
Updated 3 years ago

Aug 19 (Reuters) - The U.S. Securities and Exchange Commission said on Thursday that robo-adviser SOFI Wealth had agreed to pay $300,000 to settle allegations it failed to disclose conflicts of interest when reallocating customer funds to exchange-traded funds (ETFs) sponsored by its parent. In 2019, San Francisco-based SOFI Wealth...

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