Bloomberg

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Treasury seeks unused pandemic lending funds from Fed
REGULATION, LEGAL & COMPLIANCE NOV 20, 2020
Treasury seeks unused pandemic lending funds from Fed

The Fed objected to the request, which would shut five of the central bank's emergency lending programs at year-end

Goldman picks its winners in ESG sweepstakes
RIA NEWS NOV 20, 2020
Goldman picks its winners in ESG sweepstakes

Analysts choose 50 companies in the S&P 500 that should get a boost as money managers increasingly use ESG criteria to pick stocks

Congress blasts IRS for limiting tax breaks for firms with forgiven PPP loans
REGULATION, LEGAL & COMPLIANCE NOV 20, 2020
Congress blasts IRS for limiting tax breaks for firms with forgiven PPP loans

Sens. Grassley and Wyden criticize new IRS guidance that prohibits businesses from writing off expenses they covered with money from forgiven loans

BlackRock's Fink says investors are shifting to ESG-focused firms
RIA NEWS NOV 19, 2020
BlackRock's Fink says investors are shifting to ESG-focused firms

CEO says companies that best embrace 'stakeholder capitalism' are outperforming their peers and will continue to do so

IRS plans 50% increase in audits of small businesses next year
REGULATION, LEGAL & COMPLIANCE NOV 19, 2020
IRS plans 50% increase in audits of small businesses next year

The increase comes off a low base; in 2018, the agency audited only 140 partnership returns out of more than 4 million filed

Vanguard, Fidelity fall short in ESG fund ratings
RIA NEWS NOV 18, 2020
Vanguard, Fidelity fall short in ESG fund ratings

Morningstar gave both asset managers low scores on incorporating ESG factors into investment decisions

Robinhood army swells thematic ETFs
MUTUAL FUNDS NOV 17, 2020
Robinhood army swells thematic ETFs

Funds built around a theme have taken in more than $20 billion so far this year

SEC's Clayton to step down at year's end
REGULATION, LEGAL & COMPLIANCE NOV 16, 2020
SEC's Clayton to step down at year's end

Democrat Joe Biden is expected to name his chairman pick in the coming weeks

Ex-Wells Fargo CEO Stumpf to pay $2.5 million in SEC settlement
WIREHOUSES NOV 13, 2020
Ex-Wells Fargo CEO Stumpf to pay $2.5 million in SEC settlement

The agency accused Stump and former Wells executive Carrie Tolsted with misleading shareholders about the success of Wells' community bank

Businesses worldwide should prepare to disclose climate risk
RIA NEWS NOV 13, 2020
Businesses worldwide should prepare to disclose climate risk

The Federal Reserve and the U.K. Treasury have both released positions on climate risk disclosure