BNY Mellon subsidiary to pay US$1.5m over ESG misstatementsBY CASSANDRA BALDINI | TUESDAY, 24 MAY 2022 12:27PMBNY Mellon Investment Adviser will pay US$1.5 million to settle charges brought by the Securities and Exchange Commission (SEC) for misstatements and omissions about ESG considerations in making investment decisions for certain mutual funds that it managed.
Upgrade your subscription to access this article
And gain access to:
And moreRelated News |
Editor's Choice
Maritime Super reappoints MLC Life as group insurer
Maritime Super reappointed MLC Life Insurance as its group insurer, effective July 1.
Iress records 29% jump in profit
Iress has reported a 29% increase to its underlying net profit after tax (NPAT), coming in at $31.8 million, as it looks to strengthen its position with superannuation funds.
Transurban names new chair
Transurban has named Craig Drummond as its chair, replacing Lindsay Maxsted who will retire this year.
Norwegian wealth fund records $250bn loss
Norges Bank Investment Management announced the Government Pension Fund Global lost 1.68 trillion Norwegian krone, which is the equivalent of almost $250 billion AUD in the first half of this year, largely driven by equity returns, primarily technology stocks.
Products
Expert Feed
What's up with Vanguard?
Vanguard, the ETF giant, has presented an odd submission to the Quality of Advice Review.
Will falling house prices tip Australia into a recession?
With the RBA tightening cycle firmly underway, the impact for Australian households is only starting to be felt.
Retirement strategies for the second half
There's no doubt the superannuation system, which turned 30 this year, has been a game changer.
If I were a beginner
We've all probably been there. The days when we used to ask beginner, dumb, naïve questions about why things are done a certain way, starry-eyed questions ...
Industry Events
Your Opinion
Do you think greenwashing is a serious issue in the Australian funds management sector?
Featured Profile
Rose Kerlin
GROUP EXECUTIVE OF MEMBERSHIP AND BRAND
AUSTRALIANSUPER
AUSTRALIANSUPER
Driven by a relentless commitment to helping others, it's of little wonder Rose Kerlin has excelled at leading profit to member and purpose-led organisations. Andrew McKean writes.
