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.
Reporting by Chris Prentice; Editing by Leslie Adler
