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News April 29, 2019 Issue

Proprietary Algorithms May Promise Profits But Bring the SEC

Advisory firms offering clients and investors big profits through the use of homegrown, supposedly surefire algorithms had better think twice. It is unlikely that any scientific formula can beat the market or regularly prevent losses and advisers that use algorithms to lure investors and keep existing clients may find they get neither profits nor loss prevention, but instead find themselves facing SEC enforcement and fines.

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