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Showing 1 - 10 of 100+ results for "Securities and Exchange Commission"

SEC fines UBS Financial Services over fraud charges

JAMIE WILLIAMSON  |  THURSDAY, 30 JUN 2022
... investors through financial advisers between February 2016 and February 2017, according to the Securities and Exchange Commission. The SEC said that during this time advisers were not given adequate training or oversight of the strategy and that, although ...

DWS chief resigns amid greenwashing claims

JAMIE WILLIAMSON  |  THURSDAY, 2 JUN 2022
... underway into the matter, this one in Germany and another being undertaken in the US by the Securities and Exchange Commission. Woehrmann said that he would like to clear the way for a fresh start, to protect both the institution and those closest to ...

Deutsche Bank, DWS raided over greenwashing

JAMIE WILLIAMSON  |  WEDNESDAY, 1 JUN 2022
... extensive greenwashing. The investigation by the German regulator, BaFin, aligns to that of the US Securities and Exchange Commission which was launched following allegations from DWS's former group sustainability officer that the company is misrepresenting ...

SEC proposes new disclosure for ESG funds

RACHEL ALEMBAKIS  |  THURSDAY, 26 MAY 2022
The US Securities and Exchange Commission (SEC) has proposed a disclosure regime for ESG-related funds and advisers that would see funds broken down into three categories of strategies. The proposed changes would see three broad categories for ESG strategies ...

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

CASSANDRA BALDINI  |  TUESDAY, 24 MAY 2022
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 ...

Allianz subsidiary, former portfolio managers charged over massive fraud

JAMIE WILLIAMSON  |  WEDNESDAY, 18 MAY 2022
... multi-billion-dollar securities fraud sold to pension funds that went on for more than four years. The Securities and Exchange Commission charged Allianz Global Investors and three former senior portfolio managers over the "Structured Alpha" strategy ...

Pension fund sues Elon Musk, Twitter

JAMIE WILLIAMSON  |  MONDAY, 9 MAY 2022
... a share. He intends for the acquisition to be completed this year. Documents filed with the Securities and Exchange Commission late last week show Musk having raised about US$7 billion to put towards the deal. The Qatar state investment fund is now supporting ...

SEC rules against Amazon pension case

ELIZABETH MCARTHUR  |  TUESDAY, 12 APR 2022
The US Securities and Exchange Commission ruled against Amazon's no-action motion to exclude a shareholder resolution asking the company to prepare a report on how employee retirement savings are invested. The shareholder resolution, brought by activist ...

SEC to standardise climate disclosures

ELIZABETH MCARTHUR  |  TUESDAY, 22 MAR 2022
In a significant change, the US Securities and Exchange Commission (SEC) proposes all entities it regulates should have to disclose climate change-related factors including greenhouse gas emissions. The proposal would mean companies regulated by the ...

Insto investors tempted by crypto

JAMIE WILLIAMSON  |  WEDNESDAY, 19 JAN 2022
... while 12% also highlighted the carbon footprint of Bitcoin and other currencies. In the US, the Securities and Exchange Commission is pushing to be given increased powers in policing crypto trading, lending and platforms. According to the survey, if ...
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