SEC U.S is requesting information from index providers on their involvement in investing choices

The U.S. Securities and Exchange Commission (SEC) has requested information on the activities of financial information providers.
Critics have expressed concerns that information providers have acted as unregulated investment advisors.

The information gathered will help the watchdog to understand whether information providers should be regulated.
These companies are currently treated as data publishers by the SEC.

This report’s information was first seen on Reuters; to read more, click this link.