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SEC alert regarding ESG-related reviews

The Securities and Exchange Commission’s published a Risk Alert last week regarding its review of ESG investing – https://www.sec.gov/files/esg-risk-alert.pdf They explain how their staff will “evaluate whether they are accurately disclosing their ESG investing approaches and have adopted and implemented policies, procedures, and practices that accord with their ESG-related disclosures.” They will focus on Portfolio  read more

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Drop in calls to company ethics hotlines last year.

This article mentions decreased calls to corporate ethics hotlines – https://www.wsj.com/articles/reports-on-corporate-ethics-hotlines-fell-in-2020-11617615001 The SEC previously reported record tips to their whistleblower program. So what is going on? Maybe more employees are working remotely so they are not witnessing unethical or policy-violating behavior, or the way companies remind employees about their internal hotlines was focused on physical  read more

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Family Offices should expect more regulatory attention after Archegos

Family Offices will most likely see more monitoring after Archegos Capital Management rattled the stock market last week. Dan Berkovitz, the commissioner on the Commodity Futures Trading Commission, released a statement here about the need for increased regulation of Family Offices. https://www.cftc.gov/PressRoom/SpeechesTestimony/berkovitzstatement040121 Bloomberg had a good article about the Archegos situation at https://www.bloomberg.com/news/articles/2021-03-31/sec-opens-investigation-into-archegos-trades-that-sparked-rout Including this  read more