The regulator has some valid concerns about “greenwashing,” but its solutions are straight out of the New Deal, top-down playbook from the 1930s.
Commissioners voted to require RIAs touting ESG strategies provide more rigorous FORM ADV disclosures; it will separate the 'wheat from the chaff,' say compliance observers.
In one proposed change, the SEC would expand an existing rule to ensure funds labeled ESG invest at least 80% of their assets in a way that lines up with that strategy.
According to the commission, TradeZero publicly told investors it refused its clearing broker’s demands to restrict trading, when in fact it stopped trading certain stocks.
Open, honest and candid discussions about the latest news in the RPA industry.