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<p>The Commission</p>
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<p class="article-publishdate">June 2, 2023</p>
<p><span>On April 5, 2022, the Commission issued a Statement Relating to Certain Administrative Adjudications (the “April 5 Statement”) describing a control deficiency related to the separation of enforcement and adjudicatory functions within the agency’s system for administrative adjudication. As the </span><a href="https://www.sec.gov/news/statement/commission-statement-relating-certain-administrative-adjudications">April 5 Statement</a><span> explained, for a period of time, certain databases maintained by our Office of the Secretary (“OS”) were not configured to restri
ESG funds are Wall Street’s latest way to take something old, call it new and jack up the price. The Commission’s enforcement action charges that GSAM failed to meet regulatory requirements in establishing and operating GST investment vehicles claiming to offer ESG investments.