Daily Archives: April 14, 2021, 3:27 pm

SEC will not assess merit of ESG investments: Peirce

In a statement released Monday, Peirce provided her interpretation of a recent SEC risk alert on ESG investing that warned advisers, investment companies and funds about compliance shortcomings. The alert said recent examinations have found instances of misleading claims as well as inadequate policies, procedures and documentation regarding ESG products and portfolios. “Our examiners are not — and will not…

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Gary Gensler has a full agenda as he gets set to take over the SEC

With Democrats in control of all three major branches of government, and the SEC commissioners now with a 3-2 Democratic majority, Gensler is likely to face calls from progressives to act on several fronts, including ESG, the GameStop fallout, the Archegos fiasco, payment-for-order flow, fiduciary obligations, and especially regulations around securities in the crypto space, including a bitcoin ETF. A…

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Bernie Madoff dies: Mastermind of the nation’s biggest investment fraud was 82

Bernard Madoff, mastermind of the biggest investment fraud in U.S. history, ripping off tens of thousands of clients of as much as $65 billion, died early Wednesday, The Associated Press reported. He was 82. Madoff died at the Federal Medical Center in Butner, North Carolina, apparently from natural causes, the AP reported, citing an unidentified person familiar with the matter.…

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