SEC warns asset managers against collaborating on activist campaigns
6 Articles
6 Articles
In a report, SEC Blackrock, Vanguard and State Street warns that they could jeopardise their status as passive investors. The background was the exchange with a climate protection group.
(Seoul = Yonhap News) Reporter Seol Won-tae = The U.S. Securities and Exchange Commission (SEC) [is taking action] to prevent asset management firms from colluding to exert influence over the policies of investee companies...
The U.S. securities regulator took steps to prevent asset managers from working together to influence corporate policy, after investigating the role of BlackRock, Vanguard and State Street in the dismissal of ExxonMobil directors in 2021. Exclusive subject matter for subscribers. To have full access, access the link of the subject and register.
The US stock exchange supervisor SEC will not refer to the world's largest asset managers Blackrock, Vanguard and State Street for their exchange with a climate protection group. At the same time, however, the agency warned the industry on Wednesday in an investigative report that coordinated actions by investors could jeopardise their status as passive investors. This would lead to significantly stricter and more expensive reporting obligations…
The US stock exchange supervisor SEC will not refer to the world's largest asset managers Blackrock, Vanguard and State Street for their exchange with a climate protection group. At the same time, however, the agency warned the industry on Wednesday in an investigative report that coordinated actions by investors could jeopardise their status as passive investors. This would lead to significantly stricter and more expensive reporting obligations.
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