Digital cues from online brokers or financial advisors have the potential to harm investors, by coaxing them to make decisions that end up costing them money.
That was a major takeaway from a Securities and Exchange Commission panel on Thursday meant to address the rise of new ways to buy stocks and options. The other major takeaway was that policing those digital cues is a complicated—if not impossible — task.
Members of the SEC Investor Advisory Committee met virtually to discuss the agency’s plans to address the “behavioral design of online platforms.” The SEC is....More>>>