Europe’s forward momentum on climate disclosure rules is highlighting the need for U.S. regulators to think about how publicly traded companies operating globally can navigate multiple and potentially overlapping regulatory regimes, said Caroline Crenshaw, one of three Democratic commissioners at the Securities and Exchange Commission.
“The closer they are together, the more likely, from the SEC perspective, we are to think about substitute compliance,” Crenshaw said during remarks at Bloomberg's Sustainable Finance Forum in New York Wednesday.
The Securities and Exchange Commission teed up a sweeping proposal in March 2022 intended to standardize the types of disclosures public companies make about greenhouse gas reduction goals, and the risks and opportunities presented by a changing climate. The watchdog agency has said investor demand for the information, as well as better tools to meaningfully draw comparisons between companies, is driving the rulemaking.
Caroline Crenshaw said that despite becoming mired in political fights over climate change, the rule itself isn’t political. “It is the bread and butter of the agency” and about responding to changing demands in the market for information, she said.
The proposal has yet to be finalized and may not be taken up for a final vote for many months still.
LifeMark Securities has faced scrutiny in the past for its sales of GWG L bonds.
New data from F2 Strategy shows 95% of RIAs are using AI - four times the adoption rate of banks. Trust companies account for 90% of firms not using AI, raising alarms about their ability to stay competitive.
The ex-registered broker facilitated a series of transactions, including nine trades totaling nearly $130,000 and eight withdrawals amounting to $85,000, for a fourteen-month period after the client's death.
The wealth tech giant is offering advisors a natural, intuitive way to use AI through its new business intelligence and insights engine features.
Sometimes letting clients lead conversations, rather than having all the answers, can be the most powerful trust-builder.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
