智能投顾模式下信义义务的冲击与重构

The Impact and Reconstruction of Fiduciary Duty under Robo-Advisor

中文关键词:  智能投顾；人工投顾；主体资格；信义义务；投资者保护

英文关键词:robo-advisor， manual investment， subject qualification，fiduciary duty， investor protection

中文摘要:

      随着信息科技化愈发成熟，金融领域也逐渐引入人工智能技术，智能投顾的出现对传统人工投资顾问下的信义义务提出了新挑战。原本的人工投顾被智能投顾取代，信义义务遭受巨大冲击。智能投顾的法律地位遭到众多质疑，信义义务的具体内容与智能投顾的发展不能保持统一步调。为了促进智能投顾在金融领域的持续发展，保障投资者利益，要对信义义务中智能投顾及其运营商、设计者等进行主体资格鉴定，并研究在信义义务中忠实义务、勤勉义务所要更新的具体细节，以期适配现代算法社会的智能投顾。

英文摘要:

      As information technology becomes more mature, artificial intelligence technology is gradually introduced in the financial field. The emergence of robo-advisors poses new challenges to the fiduciary duty of traditional artificial investment advisors. The original manual investment was replaced by robo-advisors, and fiduciary duty suffered a huge impact. The legal status of robo-advisors has been questioned, and the specific content of fiduciary duty and the development of robo-advisors cannot maintain a unified pace. In order to promote the sustainable development of robo-advisors in the financial field and protect the interests of investors, it is necessary to conduct subject qualification identification of robo-advisors operators and designers in fiduciary duty, and study the renewal of loyalty and diligence duty in fiduciary duty so as to adapt to the robo-advisor of modern algorithm society.