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BNY Mellon subsidiary to pay US$1.5m over ESG misstatements

BNY 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.

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Read more: SECBNY Mellon Investment AdviserSecurities and Exchange CommissionAdam S. AdertonSanjay Wadhwa