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SEC Charges Advisory Firm WisdomTree with Failing to Adhere to Its Own Investment Criteria For ESG-Marketed Funds
WisdomTree Asset Management Inc. was charged by the SEC for misstatements and compliance failures in ESG-marketed funds. The firm claimed its funds excluded companies involved in fossil fuels and tobacco, but invested in such companies due to inadequate screening and lack of proper policies.
Securities and Exchange Commission
Date Added
20 April 2026 at 12:47:48
Why it matters
This case underscores the SEC's enforcement focus on ESG-related misrepresentations and the importance of adhering to stated investment criteria and maintaining effective compliance procedures.
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