“In response to investor demand, investment advisers and funds have expanded their various approaches to ESG investing and increased the number of product offerings across multiple asset classes,” the risk alert read. “This rapid growth in demand, increasing number of ESG products and services, and lack of standardized and precise ESG definitions present certain risks.”
The risk alert said examiners of advisory fims would focus on all “policies, procedures and practices related to ESG and its use of ESG terminology,” as well as performance advertising and marketing and compliance programs.
According to the alert, the DOE found some instances of “potentially misleading statements made by advisory firms. Monitoring ESG-related investing mandates and restrictions remained a problem for some firms, the commission said. In some instances, the DOE found advisors didn’t have controls in place to monitor clients’ negative screens, like prohibitions on particular ind
Nasdaq Shuts Boardroom Doors on the Disabled
einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.
Sacrement s clean tech industry raises almost $2 billion from investors - Silicon Valley Business Journal
bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
SEC To Review Climate-Related Disclosure: The Start Of Things To Come - Corporate/Commercial Law
mondaq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondaq.com Daily Mail and Mail on Sunday newspapers.