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.
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