Lee said there may be a disconnect between passive index funds' proxy voting and their investors’ ESG inclinations.
With the Biden administration ramping up the focus on climate change, ESG investing is expected to see another wave of growth.
Complaint is first time environmental groups have brought such claims to the Federal Trade Commission against an oil giant.
The active fund for US investors will try to beat a global index, the MSCI All-Country World Index.
At least four firms have live applications for exchange-traded funds tracking Bitcoin, but how the SEC will deal with the filings is a mystery.
The certificate focuses on analyzing ESG factors and integrating them into portfolios. It also provides ESG fluency for people working in functions such as sales and distribution, wealth management, product development, financial advice, consulting and risk.
The equally weighted S&P 500 index has outperformed its cap-weighted counterpart this year.
Acting SEC Chair Allison Herren Lee suggested the agency should consider new policies and procedures regarding ESG for investment advisers. The agency is evaluating how a disclosure framework can be flexible enough to keep up with the latest market and scientific developments.
Retail investors are piling into exchange-traded funds built around such trends as social media, online betting and SPACs.
The plaintiffs maintained that Fidelity was a fiduciary to the plan in respect to the selection of investment options, but courts did not buy that argument. Separately, New York Life and USI Insurance face new 401(k) lawsuits.
Special purpose acquisition companies, or SPACs, have been all the rage for the past 12 months, but will the fever outlast the pandemic?
The agency must be nimble in keeping up with an increasingly popular and rapidly evolving issue.
Morningstar data show women are making little progress breaking into the ranks of portfolio managers.
The largest U.S. wireless carrier splurged on airwaves in an attempt to catch up to rival T-Mobile in developing new 5G wireless services.
The vehicles are touted for democratizing markets by allowing retail investors access to high-growth companies. But the SEC said they come with distinct risks.
Calvert and American Century bring home overall fund company awards, and a record 21 funds sweep their categories.
Royal Alliance Associates Inc., SagePoint Financial Inc., and FSC Securities Corp., increased legal reserves by as much as three times the amount of the prior year.
The two rules were among the most heavily contested measures instituted by the DOL under former Secretary Eugene Scalia, with the 401(k) rule drawing nearly 9,000 public comments, most of which opposed it.
The International Organization of Securities Commissions plans to propose sustainability disclosure standards that could serve as the basis for national requirements.
The agency charged two Cetera broker-dealers with breaching fiduciary duty and defrauding retail advisory clients in connection with the sales of mutual funds.
