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Order Instituting Administrative and Cease-and-Desist Proceedings, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order: WisdomTree Asset Management, Inc.
The SEC found that WisdomTree made misstatements to the board and investors of its ESG Funds, claiming they would not invest in companies involved in fossil fuels and tobacco, while the funds did invest in such companies. WisdomTree updated disclosures in 2022 and liquidated the ESG Funds in 2024.
Securities and Exchange Commission
Date Added
5 July 2026 at 22:30:35
Why it matters
This enforcement action underscores the SEC's scrutiny of ESG-related disclosures and the importance of aligning fund marketing and investment practices with stated ESG criteria.
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