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Statement On Investment Company Names, SEC Commissioner Hester M. Peirce, May 25, 2022

<p><span>Thank you, Mr. Chair, and thank you to the staff in the Divisions of Investment Management and Economic and Risk Analysis, and the Office of the General Counsel, and to others at the Commission who worked on this proposal. Thank you for meeting demanding deadlines under considerable pressure and for fielding my many questions with unwavering professionalism. Despite my admiration for the effort that went into this initiative and my appreciation for some of the motivating con...
See Request For Comments On Fund Names Investment Company Investment Company Act Release No See Investment Company Names Investment Management Risk Analysis

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A Rose By Any Other Name: Statement on Proposed Amendments To The Names Rule, SEC Commissioner Caroline A. Crenshaw, May 25, 2022

<p><span>As the saying goes – you should mean what you say, and say what you mean.  In some ways, this simple refrain summarizes the backbone of our disclosure regime and the impetus behind the Names Rule and today’s proposed amendments to that rule. </span></p>
William Shakespeare Romeo Juliet Investment Company Names Investment Company Division Of Investment Management Division Of Economic

What's In A Name? Aligning Fund Names With Investor Expectations, SEC Commissioner Allison Herren Lee, May 25, 2022

<p><span>Today, the Commission draws on more than two decades of experience analyzing fund names and considering how certain names may mislead investors about a fund’s investment focus, potentially resulting in misallocations of capital. Today’s proposal would modernize the existing “Names Rule” in light of current fund practices, enhance consistency of the rule’s application across funds, and provide key safeguards for investors.<...
United States Investment Company Names See Request For Comments On Fund Names Investment Companies Investment Company Investment Company Act Release No

Statement On Environmental, Social, And Governance Disclosures For Investment Advisers And Investment Companies, SEC Commissioner Hester M. Peirce, May 25, 2022

<p><span>Thank you, Mr. Chair. A key impetus for today’s rulemaking</span><span> is a legitimate concern about the practice of greenwashing by investment advisers and investment companies. This concern is real because advisers can mint money by calling their products and services “green” without doing anything special to justify that label. Only days ago, we settled an enforcement proceeding in which we alleged that an adviser said o...
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It's Not Easy Being Green[1] : Bringing Transparency And Accountability To Sustainable Investing, SEC Commissioner Allison Herren Lee, May 25, 2022

<p><span>I am pleased to support today’s proposal to bring greater transparency and accountability to sustainable investing. There has been explosive growth in investor interest and demand around such investments, both domestically and internationally.</span><span> With that increasing demand comes increasing need for consistent, comparable, and reliable information – information to help protect investors from “greenwashing,&rdqu...
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Statement On Proposed Rule Requiring Enhanced Disclosure By Certain Investment Advisers And Investment Companies On ESG Investment Practices, SEC Commissioner Caroline A. Crenshaw, May 25, 2022

<p><span>The role of Environmental, Social, and Governance issues – or “ESG” – in investing has undeniably changed over time.</span><span> Investor demand for products and strategies that take into account ESG factors has increased dramatically over the past decade.</span><span> And, the asset management industry has responded to meet that demand.</span></p>
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