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SEC Highlights Need For Improvements In Investment Adviser And Private Fund ESG Policies, Procedures, And Practices | Lowenstein Sandler LLP


What You Need To Know:
The SEC recently examined investment advisers, registered investment companies, and private funds that offer ESG products and services.
SEC examinations resulted in finding inadequate and inconsistent firm ESG-related approaches, but also examples of successful firm approaches to ESG investing.
When implementing ESG-related investment practices, firms must be consistent, clear, and transparent regarding their ESG-related investment goals.
On April 9, 2021, the U.S. Securities and Exchange Commission (the SEC) released results from its recent examinations of particular investment advisers, registered investment companies, and private funds (the firms) that purport to offer environmental, social, and governance (ESG) products and services. The SEC observed a large discrepancy between the ESG-related disclosures of these firms and their adopted and implemented ESG practices. The SEC examinations found that firms undertake ESG practices for a var ....

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Banking ETFs Gain as Banks Pause Their Political Donations


January 12, 2021
Banking ETFs are gaining slightly amid news that JPMorgan Chase, Goldman Sachs, and Citigroup were among the first major financial firms to halt political donations following the pro-Trump Capitol storming last week.
JPMorgan, the biggest U.S. bank by assets, is placing a hold on political action committee contributions for Republicans and Democrats for “at least” the next half a year, according to spokesman Steve O’Halloran, in order to evaluate changes to its political-donation strategies.
“The country is facing unprecedented health, economic and political crises,” said JPMorgan’s head of corporate responsibility Peter Scher. “The focus of business leaders, political leaders, civic leaders right now should be on governing and getting help to those who desperately need it most right now. There will be plenty of time for campaigning later.” ....

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Ransomware Attack Delays EHR Rollout


HealthcareInfoSecurity
March 25, 2021
HealthInfoSec) •
January 6, 2021    
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An EHR rollout at the University of Vermont Medical Center is being delayed due to a recent ransomware incident.
The lingering aftershocks of an October ransomware attack and ongoing COVID-19 response challenges are forcing the University of Vermont Health Network to delay the next phases of an enterprisewide electronic health record rollout.
The Burlington, Vermont-based healthcare system, which includes six hospitals and other care facilities, says it will revise planned implementation of next phases of its EHR system from Epic Systems Corp, “amid the ongoing effort to respond to the COVID-19 pandemic and restore normal operations following a recent cyberattack.” ....

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