SEC Commissioner Mark T. Uyeda raised "significant concerns" over the establishment of ESG ratings standards, warning that such standards could give ratings firms too much influence over companies and asset managers who market themselves as ESG compliant.
A dually-registered broker-dealer and investment adviser settled SEC charges for failing to disclose (i) conflicts of interest arising from revenue sharing agreements in place with its clearing brokers and (ii) its disciplinary history.
Twenty-one State Attorneys General criticized two proxy advisors, asserting that their commitments to promoting ESG and DEI policies may be in violation of state and federal laws.
Comments on a Treasury Department Office of Financial Research proposal to require certain institutions to submit daily reports on outstanding non-centrally cleared bilateral repurchase agreement transactions are due by March 10, 2023.
A former portfolio manager at an investment advising firm settled SEC charges for failing to disclose a conflict of interest.