U.S. SEC investigating Goldman Sachs over ESG funds - WSJ
Reuters
Published Jun 10, 2022 06:16PM ET
(Reuters) - The U.S. Securities and Exchange Commission is looking into Goldman Sachs Group Inc (NYSE:GS)'s asset-management division over its funds that look to invest based on environmental, social and governance (ESG) standards, the Wall Street Journal reported.
The investigation is focused on Goldman Sachs' mutual-funds division, the report said on Friday, citing people familiar with the matter. The firm manages at least four funds that have clean-energy or ESG in their names.
Goldman Sachs did not immediately respond to a Reuters request for comment.
The SEC earlier this year proposed a pair of rule changes aimed at stamping out unfounded claims by funds on their ESG credentials, and enforcing more standardization of such disclosures.
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Written By: Reuters
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