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SEC 'Names Rule' for ESG Funds Draws Rare Republican Backing -- and Industry Gripes
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SEC 'Names Rule' for ESG Funds Draws Rare Republican Backing -- and Industry Gripes

Also, Gensler speaks to media; Gruenberg's fix for fight over non-banks is more rules for everyone; pressure grows for SEC on 'human capital'

Sep 20, 2023
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SEC 'Names Rule' for ESG Funds Draws Rare Republican Backing -- and Industry Gripes
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There was never any doubt that the SEC’s new truth in advertising plan for mutual fund names would be approved. The surprise today was that it passed 4-1, winning the (somewhat hesitant) support of Republican Commissioner Hester Peirce.

Sparked by the rapid growth and popularity of ESG investing, the rule requires 80 percent of a fund’s assets to reflect…

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