According to a new FAQ, investment advisers may consider factors relating to diversity, equity and inclusion in the selection or recommendation of other investment advisers to clients.
News & Insights
The U.S. House Committee on Financial Services marked up and passed bills on special purpose acquisition companies, broker-dealer and investment adviser mandatory arbitration clauses in customer agreements, and hiring practices.
In remarks at Practising Law Institute's 2021 SEC Speaks program, SEC Chair Gary Gensler raised regulatory concerns about "the uses of digital analytics in finance."
In a meeting of the SEC Asset Management Advisory Committee, SEC Chair Gary Gensler questioned the basis for marketing claims that a fund is "green" or "sustainable."
U.S. House Financial Services Committee Chair Maxine Waters and Subcommittee on Diversity and Inclusion Chair Joyce Beatty requested diversity and inclusion data from investment firms managing assets of $400 billion or more.