Missouri federal judge blocks state rule restricting consideration of ESG factors in investment advice.

Missouri federal judge Stephen Bough has blocked a state rule restricting financial professionals from considering Environmental, Social, and Corporate Governance (ESG) factors when giving investment advice. The 2023 rule was considered invalid due to conflicting with federal law and violating free speech rights. The judge stated that the regulation was both unconstitutionally vague and posed a threat of irreparable harm to advisors operating within Missouri.

August 14, 2024
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