09.07.22
ESG Could Get Messy Under Proposed SEC Rules: Industry
by: Emily Dattilo
A proposed rule requiring registered investment advisors to outline their approaches to assessing environmental, social and governance (ESG) factors on behalf of clients will have mixed results, industry insiders told the regulator. Some asset managers weighing in on the U.S. Securities and Exchange Commission’s proposal called the rule overly vague, while others said it went too far, according to an analysis of 160 comment letters. The proposal would require firms to provide clients a detailed description of their consideration of ESG factors within key investment strategies or any method of analysis employed.
Read the full article on Financial Advisor IQ