A group of 21 congressional Democrats on Monday urged the SEC to finalize a rule aimed at ensuring investment funds don’t mischaracterize their environmental, social, and governance credentials.
The Democrats asked Securities and Exchange Commission Chair Gary Gensler to finish a rule proposed in 2022 that would require managers of mutual funds, exchange-traded funds, and other investment products that are marketed as sustainable to be more transparent about the makeup of those funds. That rule complements another regulation the agency finalized last September that scrutinizes the use of ESG labels on investment funds.
“Finalizing this rule is critical for addressing ...
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