Director Grewal stated that his mission is to restore public trust in the securities markets through proactive enforcement efforts….
Focusing on emerging risk areas. Director Grewal mentioned three such areas:
- Private funds, where “opacity” is “concerning,” including as to fees and expenses, conflicts of interest, and fraud;
- Crypto, an area where he said recent events have borne out the risk profile; and
- ESG, including asset managers’ not following their policies and procedures in marketing ESG funds.
‘Enforcement 40’ for 2020
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