The SEC is “looking into” model ETF portfolios offered by financial advisors, Investment News reports. “The practice has come to the attention of the staff and they are looking at various aspects,” an SEC spokesman wrote in an email to the publication. The article suggests that the catalyst for the inquiry is the abuse of promoting model portfolios. As the story notes “some industry experts worry… that many of the advisers offering these model portfolios aren’t sophisticated enough to do the proper due diligence on the underlying exchange-traded funds. In the long run, they say, investors could get hurt.”