WisdomTree to Pay $4m Penalty Over ESG-Marketed Funds: SEC

WisdomTree Asset Management agreed to pay a $4m civil penalty over SEC claims regarding the company’s ESG-marketed funds, the agency said in a statement.

• Without admitting or denying the SEC’s findings, WisdomTree also agreed to a cease-and-desist order and censure
• WisdomTree used data from third-party vendors that did not screen out all companies involved in fossil fuel and tobacco-related activities, according to the SEC

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Greg Chang in San Francisco at gchang1@bloomberg.net

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Zachary Fleming at zfleming2@bloomberg.net

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