Users should do their own follow - up homework after consulting robo - advisers , according to the US Securities and Exchange Commission ( SEC ) . Users of automated advice must also examine what level of human interaction is important to them before choosing a service , said the regulator in a new set of investor guidelines . Robos should also make sure their disclosures are readable on mobile devices. “ This guidance is designed to help investors tap into the opportunities that fintech innovation can provide while ensuring privacy and investor protection " , explained SEC Commissioner Michael Piwowar . Among its guidelines , the SEC says clients should consider how often automated advisers follow up on their investment choices .
Users should do their own follow - up homework after consulting robo - advisers , according to the US Securities and Exchange Commission ( SEC ) . Users of automated advice must also examine what level of human interaction is important to them before choosing a service , said the regulator in a new set of investor guidelines . “ This guidance is designed to help investors tap into the opportunities that fintech innovation can provide while ensuring privacy and investor protection " , explained SEC Commissioner Michael Piwowar . Among its guidelines , the SEC says clients should consider how often automated advisers follow up on their investment choices .