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The U.S. Securities and Exchange Commission is preparing to resolve a two-year probe into allegations of greenwashing by the German fund manager DWS, with a fine by the end of September, two ...
The Security and Exchange Commission (SEC) proposed a new regulation to combat the practice of “greenwashing,” the misleading marketing of unsustainable investments under the ESG label.…
In November 2022, Goldman Sachs agreed to pay $4 million to settle the SEC investigation of the company's ESG funds for greenwashing without admitting or denying guilt of the SEC's allegations. [193] In February 2023, the SEC Division of Examinations announced that oversight of ESG investment funds would be among six top priorities for the ...
Henry T. C. Hu, a corporate and securities law professor at the University of Texas law school, stated, "What the law requires is so clear that I am genuinely surprised that anyone would do this" [1] Jacob S. Frenkel, a former senior counsel in the SEC's division of enforcement, commented in regards to the small size of the fine: "They are ...
The Division of Examinations conducts the SEC's National Exam Program. The division's mission is to protect investors, ensure market integrity and support responsible capital formation through risk-focused strategies that: (1) improve compliance; (2) prevent fraud; (3) monitor risk; and (4) inform policy.
Since entering office in April 2021, Gensler has battled with industry groups across Wall Street, pursuing an aggressive campaign of rule-making and enforcement actions that often put him at odds ...
In 2005, Lee joined the agency as a staff attorney at the SEC's enforcement division at a regional office in Denver, Colorado. [ citation needed ] Before being appointed as a commissioner, Lee served in various roles at the SEC for over a decade, including as counsel to Commissioner Kara Stein , and as senior counsel in the Division of ...
The 5th Circuit decided that the SEC's power to seek penalties through in-house enforcement proceedings violates the U.S. Constitution's Seventh Amendment right to a jury trial and infringes on ...