Market Advised to Proceed With Fund Names Rule Compliance
ESG Co-chair Jacob Hupart was quoted in an IFLR article focused on the guidance that advisers are giving their clients in response to the SEC's fund names rule.
Jacob said, "If you look at SEC comment letters over the past year-and-a-half, the Commission began to use aspects of the names rule that had not yet been finalized and applied them in the questions directed towards companies that filed with them. This is particularly noteworthy when it comes to the greenwashing phenomena. A lot of responses to those kinds of letters mentioned that this rule was not yet in effect, but the companies still needed to respond to the SEC.”
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