In InvestmentNews, Asset Management Partner George Raine Discusses SEC and DOL ESG Oversight
As the popularity of socially responsible investing continues to grow rapidly, a July 27 article published by InvestmentNews discusses how it has caught the attention of regulators and produced different approaches to oversight. Insights from asset management partner George Raine are included in the piece, titled “SEC, DOL take different approaches to regulating ESG investing.”
The SEC is taking a more agnostic approach to ESG, while the DOL is expressing its skepticism, said George in the article. The SEC wants to make sure advisers who are touting ESG investing are giving clients what they’re promised, he continued.
Although the DOL and SEC are coming at ESG a bit differently, their attention to the issue is making advisers take a more careful look at socially responsible investing, the article stated. “Everyone needs to step back and understand how ESG considerations constitute a part of the investment process,” George added.