{"id":1325,"date":"2023-02-01T12:46:32","date_gmt":"2023-02-01T12:46:32","guid":{"rendered":"http:\/\/localhost\/?p=1325"},"modified":"2023-02-01T12:46:32","modified_gmt":"2023-02-01T12:46:32","slug":"fiduciary-duties-and-esg-is-it-really-everything-everywhere-all-at-once","status":"publish","type":"post","link":"https:\/\/bdia.pli.edu\/index.php\/2023\/02\/01\/fiduciary-duties-and-esg-is-it-really-everything-everywhere-all-at-once\/","title":{"rendered":"Fiduciary Duties and ESG — Is it really Everything, Everywhere All at Once?"},"content":{"rendered":"

SEC 40 Act lawyers and those in the ESG space will want to take note of Commissioner Uyeda\u2019s speech published on Jan 27 (SEC.gov | ESG: Everything Everywhere All at Once<\/a>) in which he lays out an adviser\u2019s\u00a0fiduciary duty as a battleground for future discussion about ESG investments.\u00a0 Uyeda says \u201c\u2026 an adviser can only pursue\u00a0an ESG investment strategy if the client expresses a desire to pursue such a strategy after receiving full and fair disclosure regarding the salient features of the strategy, including the strategy\u2019s risk and return profile.\u201d\u00a0It will be interesting to see if Chair Gensler looks for an opportunity to respond to Uyeda\u2019s remarks.\u00a0 Don\u2019t be surprised if we see remarks by Chair Gensler that address an adviser\u2019s duty more generally and not just in connection with established an ESG investment strategy.\u00a0Maybe something along the lines of yes, an adviser can only pursue an ESG investment strategy where a client expresses such a desire, but as a general matter all advisers should be at least considering ESG factors as they do other important data points when making an investment.\u00a0 Lots more to come\u2026…<\/p>\n","protected":false},"excerpt":{"rendered":"

SEC 40 Act lawyers and those in the ESG space will want to take note of Commissioner Uyeda\u2019s speech published on Jan 27 (SEC.gov | ESG: Everything Everywhere All at Once) in which he lays out an adviser\u2019s\u00a0fiduciary duty as a battleground for future discussion about ESG investments.\u00a0 Uyeda says \u201c\u2026 an adviser can only … Continue reading Fiduciary Duties and ESG — Is it really Everything, Everywhere All at Once?<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,21,22],"tags":[],"class_list":["post-1325","post","type-post","status-publish","format-standard","hentry","category-compliance","category-regulatory","category-standard-of-care"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t