SEC Operations

"Victims of fraud, too often, are older adults: Some have retired, others have neared it, but all have spent decades preparing their nest eggs. Today, ...

"I’ve asked staff to make recommendations for the Commission’s consideration around how we might update Rule 605 so that investors receive more useful disclosure about ...

"The proposal quite sensibly seeks to align the branding of funds with the reasonable expectations of investors. It is well thought-out and carefully crafted"

"Greenwashing can mislead investors as to the true risks, rewards, and pricing of investment assets. This goes to the heart of our mission at the ...

"The Names Rule has not been amended since its adoption in 2001. The industry has changed significantly in two decades .... The need for clarity in ...

"Given the breadth of terms such as ESG, growth, and value, how will industry implement the rule and how will we enforce it without engaging ...

"Some funds have claimed that the rule does not apply to them — even though their name suggests that investments are selected based on specific ...

"The rule is neutral as to the benefits or risks of ESG investing"

"It is important that investors have consistent and comparable disclosures about asset managers’ ESG strategies so they can understand what data underlies funds’ claims and ...

Nobody likes to be jerked around, including SEC enforcement staff