The SEC and ESG Compliance
On May 23, 2022, the Securities and Exchange Commission (SEC) charged BNY Mellon Investment Adviser, Inc., for misstatements about and omissions of environmental, social, and governance (ESG) considerations in making investment decisions for certain mutual funds that it managed. BNY agreed to a cease-and-desist order and a censure and to pay a $1.5 million penalty […]