Defendant Name:
Ally Invest Advisors Inc.
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Ally Financial Inc.
SIC Code:
6022
CUSIP:
02005N10
Document Reference:
IA-6954
Document Details
Legal Case Name
In the Matter of Ally Invest Advisors Inc.
Document Name
Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Sections 203(e) and 203(k) of the Investment Advisers Act of 1940, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
Document Date
23-Mar-2026
Document Format
Administrative Proceeding
Allegation Type
Investment Advisers/Investment Companies
Document Summary
On March 23, 2026, the SEC instituted settled administrative and cease-and-desist proceedings against Ally Invest Advisors Inc., stating: "This proceeding concerns breaches of fiduciary duty by Ally Invest, a registered investment adviser, for failing to fully and fairly disclose (1) material facts concerning its selection of a thirty percent cash allocation for its no advisory fee Cash-Enhanced “robo-advisor” accounts (“Cash-Enhanced Accounts”), including the resulting conflict of interest; and (2) Ally Invest’s application of its stated investment methodology in Ally Invest’s Cash-Enhanced Accounts."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Other Specified Undertakings
Monetary Penalties:
Civil Penalty
Individual:
$500,000.00
Shared:
