The DOL and the SEC are poised to advance several rulemakings this spring related to ESG investing.
Late Friday night, the SEC released it's report on the fiduciary standard. In it, the commission backed adoption of a single standard of care for both broker-dealers and advisers. Now, industry groups are taking dead aim at the proposal. <a href=http://www.investmentnews.com/article/20110116/REG/301169998>(What's the <i>IN</i> stance?)</a>
On Tuesday, Sen. Susan Collins pressed Goldman Sachs on their commitment to their clients. Now, she's planning on filing an amendment to financial reform legislation that would likely extend the fiduciary standard to B-Ds.
