Compliance November 2nd, 2023 House Republicans Subpoena ESG Advocates The Judiciary Committee has called the CEO of As You Sow to testify in December.
Compliance October 27th, 2023 State AGs Appeal Dismissal of Suit Challenging DOL’s ESG Rule The Department of Labor’s defense continues on two tracks, one in Wisconsin, and 2another in the 5th Circuit.
Compliance October 26th, 2023 New Speaker Mike Johnson Remains an Enigma to Retirement Industry Having served on unrelated committees, Johnson’s legislative record on retirement issues is rather thin.
The Markets October 5th, 2023 Morningstar: ESG Integration Growing Among Institutional Asset Owners The 2023 Voice of the Asset Owner survey probes views on developing ESG investment strategies.
Compliance September 22nd, 2023 Judge Upholds DOL ESG Rule A Texas judge, appointed during the Trump administration, ruled that the DOL does not violate ERISA by permitting ESG in...
Compliance September 20th, 2023 Funds’ Portfolios Must Reflect Their Name, SEC Says New rule means funds will have to derive 80% of their value from investments related to their official names.
Compliance September 14th, 2023 American Airlines Asks Judge to Toss 401(k) ESG Complaint The airline's motion maintains that former pilot has no standing in ESG investing lawsuit, including an amended complaint that sought...
Compliance September 7th, 2023 House Republicans Look to Repeal DOL Rule Permitting ESG in Retirement Plans As the House of Representatives returned this week, it wasted no time proposing new bills targeting ESG investing.
Compliance August 31st, 2023 May Climate Funds Be Used in DC Plan Menus? Yes, as long as they don’t come at the cost of participants’ investment outcomes, according to Wagner Law Group.
Compliance August 15th, 2023 American Airlines ESG Lawsuit May Move Ahead, According to Court Filing A judge overseeing the complaint brought by a former pilot has set a potential trial date; the airline has said...
Compliance August 14th, 2023 Lawsuit Would Block Missouri’s Anti-ESG Advising Rule Requiring registered advisers to follow state-level ESG disclosure rules violates federal law, according to SIFMA’s lawsuit.
Compliance July 28th, 2023 House Spending Bill Would Block EBSA’s ESG Rule, but Senate’s Would Not Congress has until September 30 to pass a budget bill.
Compliance July 14th, 2023 Congressional Hearings Scrutinize Proxy Voting Republicans accused proxy firms of prioritizing ‘woke’ political agenda ahead of financial considerations.
Products July 11th, 2023 Vanguard, Fidelity Top Morningstar’s List of Robo-Advisers Morningstar named the two firms among their top digital investment advisers along with Schwab, Betterment and Wealthfront.
Compliance June 28th, 2023 House Republicans Outline ESG Policy Goals An interim report argued that the US should protect firms from foreign regulators and require more transparency on ESG issues.
Compliance June 26th, 2023 House Appropriations Bill Would Block Safeguarding and Swing Pricing Proposals, Among Others The legislation also targets the climate disclosure and market structure proposals.
Compliance June 21st, 2023 Anti-ESG Bill Would Require Only Pecuniary Factors to Be Considered Kentucky Representative Andy Barr introduced a bill aimed at returning investment regulations to a Trump-era standard.
Data & Research June 20th, 2023 Vanguard’s ESG Support Half That of BlackRock, State Street Of a sample of shareholder proposals linked to ESG, Vanguard opposed almost three-quarters.
Products June 7th, 2023 Adviser Product Partnerships Potomac makes model strategies available at American Trust Custody; Central Pension Fund partners with V3locity; Lumen Advisors and Sparo announce...
The Markets June 6th, 2023 ESG Congressional Hearings Show Partisanship Intensifying Republicans and Democrats are mostly speaking past each other on ESG, which could create regulatory risk and uncertainty going forward.