A number of asset managers have received legal requests for documents linked to their ESG fund marketing from the US Securities and Exchange Commission's enforcement division, according to reports.
The FT reported that SEC lawyers had subpoenaed various fund managers regarding ESG disclosures. The move pointed to a potential tightening of the rules around ESG investing, or action against those fund managers found not to be following them. The SEC was said to be particularly interested in conventional investment funds that have rebranded as ESG funds. FCA begins investigation into bank's 'politically exposed persons' procedures Yann Bloch, vice precedence for product management for the Americas at NeoXam, a financial software company, said the SEC will be aware that when ma...
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