Your ESG Investments - The SEC Is Watching Out for You

"...the sense of a new regulatory era [is playing out] ... despite the lack of a complete ESG rulebook in the US." - Bloomberg, June 12, 2022.

Targeted have been Big Operators in ESG Investments. They include Deutsche Bank's DWS Group and Goldman Sachs' asset-management unit. 

Currently the SEC is still in the process of hammering out the regulatory framework.

Recently, for example, it put out there for comment proposed Amendements to Form ADV for Investment Advisers ESG Practices.

Here is Law and More's analysis of that. 

In addition, here is Paul Weiss' Client Memorandum on what are the key issues which Investment Advisers should be zeroing in on now. That Wall Street firm is chaired by Brad Karp who made his brandname defending Citigroup.

Already the Bank of New York Mellon has gotten nailed about how it allegedly positioned and packaged statements about ESG quality review. It ponied up to the SEC a $1.5 million fine to settle. But it didn't admit wrongdoing. 

Actually, there is no universal standard, as in the credit-rating industry, for making formal assessments related to the quality of ESG investments. I flagged this Tower of Babel in an article for O'Dwyer's Public Relations.

Can ESG Investment growth be stalled? Of course.

Connect with Editor-in-Chief Jane Genova at janegenova374@gmail.com. She helps businesses conjure up magic in their storytelling. One client said, "She makes shipping containers ‘sexy.’"

 

 

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