Senate Banking Committee Ranking Member Pat J. Toomey (R-PA) requested information from 12 ESG ratings firms as to how they calculate companies' ESG scores.
In testimony before the Senate Banking Committee, SEC Chair Gary Gensler outlined the agency's responses to current forces changing the face of finance from new "[f]inancial technologies and business models, from predictive data analytics to crypto."
A tech company settled SEC charges for misleading investors about its order backlog management practices and slowing performance relative to its projections.
Three municipal bond underwriters settled SEC charges for failing to provide sufficient disclosure to investors in connection with the sale of municipal securities.
The SEC settled charges with nine investment advisers following a targeted sweep to evaluate compliance with the "Custody Rule" and related Form ADV requirements.