WisdomTree Asset Management Gets Wells Notice From SEC Staff

WisdomTree said its unit WisdomTree Asset Management received a Wells notice from the staff of the US SEC.

• Staff has made a “preliminary determination” to recommend that the SEC file an enforcement action alleging violations of certain provisions of federal securities laws
  • The alleged violations relate to three exchange-traded series of WisdomTree Trust managed by WTAM that pursued ESG-focused investment strategies
• Board of Trustees of WisdomTree Trust approved the liquidation of the ESG Funds in Dec. 2023
  • Each ESG Fund completed its liquidation in Feb. 2024
• WTAM maintains that its actions have been in compliance with all applicable laws and ...