SEC Approves Rule to Mandate RIAs and Fund Managers to Disclose Additional Info on ESG Strategies
Posted on 05/25/2022
The Democrat-controlled Securities and Exchange Commission (SEC) approved a rule proposal that would require investment advisers and fund managers to disclose additional information on ESG strategies in fund prospectuses, annual reports, and adviser brochures. ESG funds are marketed to investors in an appeal to public concerns about climate change, corporate governance, or social justice. One…
