ASA Welcomes SEC’s Scrutiny Into ESG Fund Marketing
WASHINGTON – The American Securities Association (ASA) today welcomed the Securities and Exchange Commission’s (SEC) proposal to further scrutinize the marketing of Environmental, Social, and Governance (ESG) funds.
“ASA supports efforts by the SEC to stop misleading and deceptive marketing gimmicks surrounding ESG funds,” said ASA CEO Chris Iacovella. “While we have long-supported investor choice, it’s appropriate for the SEC to further scrutinize ESG advertising, performance, and fees given the amount of capital being directed into these funds. Brokers, advisors, and investors must have clarity.”
Earlier this year, ASA released an ESG Disclosure Resource Index to help inform the Securities and Exchange Commission (SEC) on ESG regulation and the climate disclosure rule.
ASA’s regional financial services companies work in communities across the country to create jobs, grow the economy, and increase prosperity for all Americans. The ASA exclusively represents the capital market and private client interests of its members and seeks to promote free market principles making it easier to access financial advice and capital. ASA members help Americans save for retirement, provide Main Street businesses with capital to grow, and advise hardworking Americans how to create and preserve wealth. For the latest updates follow @AmerSecurities and learn more at http://americansecurities.org/.