SEC adopts ‘greenwashing’ rule for ESG and growth funds

By Zach Halaschak

Published September 20, 2023 5:34pm ET

SEC adopts ‘greenwashing’ rule for ESG and growth funds — The Securities and Exchange Commission has adopted a new rule that tightens restrictions surrounding the naming of investment funds that prioritize environmental or social concerns. The rule, first proposed last year, targets increasingly popular ESG funds. ESG investing, short for environmental, social, and governance, is an investment model that doesn’t solely look at maximizing profit […]

The Securities and Exchange Commission has adopted a new rule that tightens restrictions surrounding the naming of investment funds that prioritize environmental or social concerns.

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