US SEC Charges WisdomTree With Failing To Follow Investment Criteria For ESG-Market Funds; WisdomTree Agrees To Cease-And-Desist Order, Censure, And $4M Civil Penalty
Portfolio Pulse from Benzinga Newsdesk
The US SEC has charged WisdomTree with failing to adhere to investment criteria for its ESG-market funds. WisdomTree has agreed to a cease-and-desist order, censure, and a $4 million civil penalty.
October 21, 2024 | 8:08 pm
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WisdomTree has been charged by the SEC for not following investment criteria for ESG funds, resulting in a cease-and-desist order, censure, and a $4 million penalty.
The SEC's charges and the resulting penalties could negatively impact WisdomTree's reputation and investor confidence, potentially leading to a short-term decline in stock price.
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