SEC Settles Enforcement Action Against Mutual Fund Adviser Challenging Funds’ ESG Disclosure

The Securities and Exchange Commission (“SEC”) announced settled cease and desist charges and a $1.5 million penalty against a mutual fund investment adviser on May 23, 2022 for alleged misstatements and omissions in fund disclosures regarding the adviser’s incorporation of environmental, social, and governance (“ESG”) factors into its investment process. Continue

Ropes & Gray attorneys regularly provide insightful perspective on key legal issues.To read more, visit our Alerts archive.

SEC Settles Enforcement Action Against Mutual Fund Adviser Challenging Funds’ ESG Disclosure

The Securities and Exchange Commission (“SEC”) announced settled cease and desist charges and a $1.5 million penalty against a mutual fund investment adviser on May 23, 2022 for alleged misstatements and omissions in fund disclosures regarding the adviser’s incorporation of environmental, social, and governance (“ESG”) factors into its investment process. Continue

Ropes & Gray attorneys regularly provide insightful perspective on key legal issues.To read more, visit our Alerts archive.

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