Danish FSA warns banks over robo-advisors
Although banks are generally using investment bots sensibly, they need to ensure that client aptitude assessments are done right, says the Danish FSA. Five of the six banks investigated received edicts.
by michael trier duelund, translated by catherine brett
The Danish FSA (Finanstilsynet) have investigated robo-advisors at six banks, leading them to issue edicts to five of them and provide a general reminder to the market.
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