WisdomTree Asset Management agrees to pay a $4M settlement for ESG greenwashing involving ETFs.

WisdomTree Asset Management will pay a $4 million settlement to the SEC for greenwashing violations related to its ESG investment strategy. Between March 2020 and November 2022, the firm misrepresented that three ESG-marketed exchange-traded funds did not invest in fossil fuels or tobacco. The SEC found these funds included companies linked to coal, natural gas, and tobacco, citing inadequate screening procedures. WisdomTree did not admit or deny the findings.

October 21, 2024
12 Articles

Further Reading