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William Bales

Contributor

Wahed Invest, an Ethical Investing Platform, Hit with Charges by SEC

(Crowd Fund Insider) - The US Securities and Exchange Commission (SEC) has filed charges against Wahed Invest, a “robo-advisor,” for “misleading statements and breaching its fiduciary duty, and for compliance failures.” Wahed has consented to the, without admitting or denying the SEC’s findings, while paying a penalty.

Wahed Invest was founded in the US but has since expanded into multiple countries around the world.