US regulator - the Securities and Exchange Commission (SEC) – has charged BNY Mellon Investment Adviser for misstatements and omissions about ESG considerations in investment decisions for certain mutual funds it managed.
BNY Mellon Investment Adviser will pay a $1.5 million penalty.
The SEC found that from July 2018 to September 2021, BNY Mellon Investment Adviser represented or implied in various statements that all investments in the funds had undergone an ESG qualit...
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