A Nov. 6 article published by InvestmentNews titled “SEC’s Lee says agency should consider rules for socially responsible investing” reports on remarks delivered by Democratic SEC Commissioner Allison Herren Lee stating that the Commission should consider rules governing socially responsible investing.
The piece quotes Securities & Public Companies Partner Michael Littenberg, who states that Lee’s ESG focus could foreshadow a priority for the agency if Democratic presidential nominee Joe Biden is elected and the five-member commission gets a Democratic majority. “We’re going to see in the commission more appetite for ESG rulemaking and guidance,” said Michael.
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