ESG: Adherence to internal policy and procedures
Wednesday, November 30, 2022 INTRODUCTION: The Securities and Exchange Commission (“SECOND”) recently accused Goldman Sachs Asset Management, LP (“GS”) for failures of policies and procedures involving two mutual funds and a separately managed account strategy marketed as Environmental, Social and Governance (ESG) investments. GS agreed to pay a $4 million fine to settle1 expenses. FACTS: …
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