JPMorgan Must Put Conservative ESG Plan Up for Vote, SEC Says

JPMorgan Chase & Co. must let its investors consider a conservative shareholder’s proposal urging the bank to examine its oversight of any civil rights risks, the SEC said.

David Bahnsen, a frequent conservative commentator, is using a family trust to seek the civil rights audit over concerns that financial services firms might have engaged in religious and political discrimination, according to paperwork he filed in connection with his proposal. He runs The Bahnsen Group, an investment firm that oversees more than $4 billion in client assets.

JPMorgan asked the Securities and Exchange Commission if ...