Robo Adviser Betterment Slow to Explain Policy on Trading Halts

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7 September 2016
The Wall Street Journal

Firm halted trading during the market turmoil in June after the Brexit vote

More than two months after Betterment LLC suspended all trading for 2½ hours during the post-Brexit market turmoil, users of the robo adviser’s institutional services say they haven’t received clarification over the policies.

Financial advisers and other institutional customers were told on June 24, in the aftermath of the U.K.’s vote to exit from the European Union, they would receive more information within weeks that explained the...

News article details

Sector
Banking, Securities & Investments
Media Type
In the News
Location
Asia-Pacific, EMEA, LATAM, North America