WebMay 23, 2024 · The SEC said that from July 2024 through September 2024, BNY Mellon Investment Adviser stated or implied that all investments in the funds had undergone an ESG quality review, even though numerous ... WebBNY Mellon Investment Adviser, Inc. (SEC File No. 801-8147) is an investment adviser that has been registered with the Commission since 1971. As of March 31, 2024, BNYMIA …
SEC fines BNY Mellon $1.5m for ESG misstatements - Funds Europe
WebThe SEC launched the Climate and ESG Task Force within the Division of Enforcement to develop initiatives to proactively identify ESG-related misconduct consistent with increased investor reliance on climate and ESG-related disclosure and investment. The Task Force is led by Sanjay Wadhwa, Deputy Director of the Division of Enforcement. bore ear with awl
Making ESG virtues “native” to the global financial architecture
WebMay 25, 2024 · May 25, 2024. Today, the Commission is considering a proposal to improve disclosures by certain investment advisers and funds that purport to take Environmental, Social, and Governance (ESG) factors into consideration when making investing decisions. I am pleased to support this proposal because, if adopted, it would establish disclosure ... WebJun 26, 2024 · The Securities and Exchange Commission charged BNY Mellon Investment Adviser, Inc. with misstatements and omissions about ESG considerations for certain mutual funds that it managed. To settle the charges, on May 23, 2024, BNY Mellon Investment Adviser agreed to pay a $1.5 million penalty. The SEC’s order finds that, from July 2024 … WebJun 10, 2024 · In May, BNY Mellon became the first asset manager to settle with the agency for allegedly misleading investors about ESG claims. The SEC alleged that BNY Mellon Investment Adviser suggested in ... bored work meme