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SEC charges Goldman Sachs Asset Management with not following ESG investments policies

Summary by Ground News
Goldman Sachs Asset Management agrees to pay $4 million fine to the SEC. The SEC claimed the firm failed to uphold Environmental, Social and Governance policies. The fine marks another milestone in the SEC's crackdown on Wall Street investment firms that use ESG labels to attract investor funds.

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MarketWatchMarketWatch
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Goldman Sachs Asset Management fined $4 million to settle SEC charges of lax ESG policies

Goldman Sachs Asset Management on Tuesday agreed to pay a $4 million fine to the U.S. Securities and Exchange Commission after the agency claimed it failed...

·United States
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ReutersReuters
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SEC charges Goldman Sachs Asset Management with not following ESG investments policies

The U.S. Securities and Exchange Commission on Tuesday charged Goldman Sachs Asset Management with failing to follow its policies and procedures involving environmental, socially oriented and other investments, and fined the company $4 million.

·United Kingdom
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sec.govsec.gov

SEC.gov | SEC Charges Goldman Sachs Asset Management for Failing to Follow its Policies and Procedures Involving ESG Investments

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sec.gov broke the news in on Tuesday, November 22, 2022.
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