Propublica: breaking the black box what Facebook knows about you
Propublica's breaking the black box what Facebook knows about you.
Propublica's breaking the black box what Facebook knows about you.
The court's decision upheld the F.C.C. on the declaration of broadband as a utility, which was the most significant aspect of the rules. That has broad-reaching implications for web and telecommunications companies that have battled for nearly a decade over the need for regulation to ensure web users get full and equal access to all content online.
"After a decade of debate and legal battles, today's ruling affirms the commission's ability to enforce the strongest possible internet protections -- both on fixed and mobile networks -- that will ensure the internet remains open, now and in the future," Tom Wheeler, chairman of the F.C.C., said in a statement.
The two judges who ruled in favor of the F.C.C. emphasized the importance of the internet as an essential communications and information platform for consumers.
SigFig, led by Mike Sha, was one of the earlier firms in the field but has not gained the sort of household attention that companies like Wealthfront and Betterment have achieved by focusing on younger, tech-aware retail customers.
Instead, SigFig is focused on offering its technology through financial institutions. The agreement with UBS will not prevent SigFig from forging similar agreements with other companies, said Mr. Sha, the company's chief executive.
New rules for financial advisers may give the automated companies an edge in the battle for investor dollars.
These rules are expected to encourage a rush of retirement savings money to low-cost investments and may also hasten formal alliances of banks or brokerage firms with the financial technology firms that have built robo-investing platforms.