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U.S. SEC says review of ESG funds has turned up ‘potentially misleading’ claims By Reuters

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U.S. SEC says review of ESG funds has turned up ‘potentially misleading’ claims By Reuters

© Reuters. FILE PHOTO: FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door

WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission on Friday said a review of investment advisers and funds has turned up “potentially misleading” claims and inadequate controls around investing environmental, social and governance (ESG) issues.
The top U.S. markets regulator has found that investment advisers and funds have inconsistent regimes as well as “unsubstantiated and potentially misleading claims” regarding ESG approaches, according to a statement.
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