“Having diverse perspectives is fundamental to good decision-making — and diversity is essential to a company’s success.”
May 13, 2021
Tags: Business Operations, Diversity & Inclusion, Human Resources
IAA Voices Strong Support for Legislation to Collect Data on Diversity, Equity and Inclusion
Recognizing that the investment adviser profession “has a long way to go in matters of diversity, equity, and inclusion,” the IAA has voiced its strong support for the Diversity and Inclusion Data Accountability and Transparency Act.
April 19, 2021
Tags: Advocacy, Diversity & Inclusion, IAA on Capitol Hill, Inside the Beltway, Karen Barr
SEC Risk Alert Outlines ESG Exam Focus Areas, Related Deficiencies, Effective Compliance Practices
The SEC’s Division of Examinations has issued a Risk Alert describing areas of focus in examinations of advisers and funds engaging in ESG investing, compliance deficiencies and weaknesses from recent examinations in this area, and examples of effective compliance practices.
April 12, 2021
Tags: ESG, Examinations
As Policy Debates Intensify, IAA Launches New ESG Committee
To ensure that the interests of investment advisers are protected and advanced in ongoing ESG and Climate policy debates, the IAA has established an ESG Committee.
April 08, 2021
Tags: Allison Herren Lee, ESG, Kelly Gibson
SEC Staff Publishes First FAQ Regarding New Marketing Rule
The SEC staff has published the first response to what will likely be many questions regarding the new Marketing Rule for investment advisers.
March 25, 2021
SEC Acting Chair Allison Herren Lee is inviting public input from investors, registrants, and other market participants on climate change disclosure.
March 17, 2021
Tags: Allison Herren Lee, Climate, ESG, Proxy
SEC Commissioner Crenshaw Encourages Change in Approach on Enforcement Penalties
SEC Commissioner Caroline Crenshaw says the agency’s enforcement policies allow companies to “profit from fraud” because they unnecessarily limit the Commission’s ability to craft appropriately tailored penalties that are more effective at deterring misconduct.”
March 16, 2021
Tags: Caroline Crenshaw, SEC Enforcement
DOL Will Not Enforce ESG and Proxy Rules, Pending Agency Review
In a welcome development, the Department of Labor has announced that it intends to revisit the recently adopted ESG rule and proxy rule.
March 10, 2021
Tags: DOL, ERISA, ESG, Fiduciary, Proxy Voting
November 2022 Compliance Date Finalized for New Marketing Rule
Advisers will have an 18-month transition period after the effective date of May 4, 2021, to comply with the new Marketing Rule, meaning that they will need to be in full compliance by November 4, 2022.
March 10, 2021
Tags: Marketing Rule
Division Director Peter Driscoll addressed the enhanced focus on climate risks and ESG-related issues in remarks at the IAA’s Investment Adviser Compliance Conference.
March 05, 2021
Tags: Compliance, Examinations