Regulatory Outlook | 10.19.21

Senate Democrats Put Pressure on SEC to Adopt Diversity and Inclusion Measures

by: Brian Croce

A group of 22 senate democrats sent a letter to SEC Chair Gary Gensler on Monday urging the SEC to adopt recommendations aimed at increasing diversity and inclusion in the asset management industry. In July, the SEC's Asset Management Advisory Committee unanimously approved several recommendations on diversity and inclusion that have yet to be approved by the full commission. "It is clear that the promotion of diversity within the asset management industry would not only improve performance to the benefit of investors, it would also align with the SEC's diversity and inclusion goals and its mandate to protect investors and facilitate fair and open markets," the senators said in the letter.

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