Robo-Advisers and the Suitability Requirement How They Fit in the Regulatory Framework

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Caelainn Carney


Robo-advisers, which provide algorithmic investment advice, are becoming increasingly prevalent players in the financial services industry. As their prominence grows, regulators are working to determine where they fit in the current framework. Specifically, the Securities and Exchange Commission has been working toward setting standards for robo-advisers as they seek to provide suitable advice to investors. In November 2016, the Securities and Exchange Commission held its Fintech Forum, where regulators and industry leaders commented on the suitability requirement and how robo-advisers can meet it. This Note analyzes the current regulatory framework for robo-advisers and proposes ways that regulators can tailor the suitability requirement to digital investment advice.

Author Biography

Caelainn Carney

Caelainn Carney is a J.D. Candidate 2019, Columbia Law School; B.A. 2016, University of Virginia.

Article Details

How to Cite
Carney, C. (2019). Robo-Advisers and the Suitability Requirement: How They Fit in the Regulatory Framework. Columbia Business Law Review, 2018(2), 586–616.