The agency is reverting to a Trump-era policy that allowed public companies to widely exclude environmentally and socially themed resolutions.
The current environment – economic and political – stands to benefit fixed income, and active managers may have a chance shine.
Financial services companies are being targeted for potential legal action over their programs and initiatives on diversity, equity, and inclusion. It could be just the beginning.
Acting Chairman Mark Uyeda directed SEC staff to initiate a pause in court while the commission awaits a quorum. The SEC may decide to withdraw from defending itself in a lawsuit over last year's climate disclosure rule.
Locked out of their offices and told to stay home, employees at the Consumer Financial Protection Bureau have asked the courts to intervene as Elon Musk and Republican leaders move to shut down the agency that was established to protect people from predatory lending and financial scams.
With a new suite of health and benefit services, the company has moved well beyond its beginnings as a retirement plan record keeper.
Mahoney, who guided the nonprofit through a turbulent time in its history, in addition to the pandemic, died late last week.
Big fund companies have backed off of ESG, and US funds have closed amid political pressure and as investors have pulled money from them. The funds that remain reveal which managers are committed.
An increasing proportion of alternatives, from fully liquid to illiquid, will be sold in the wealth management channel in the coming years, according to Fuse Research. Traditional asset managers are cranking out products, and PE firms are warming up to advisors.
The firm in December brought on its first head of defined contribution, signifying a focus to get into 401(k)s and other plans meaningfully.
