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Robo-Advisor's Pro Athlete Ads Broke Marketing Rule, SEC Says
News November 04, 2024 at 03:51 PM
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What You Need To Know
- Wahed Invest LLC must pay a $250,000 fine.
- Ads featuring a pro soccer player and MMA fighters who were not clients lacked disclosures.
- The firm also presented hypothetical, back-tested performance without following proper procedures, according to the regulator.
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