Tag Archives: Mark K. Schonfeld

SEC Division of Examinations Risk Alert Provides a Useful Roadmap on Compliance Issues for Fund Managers

by Mark K. Schonfeld, Tina Samanta, and Lauren Myers

On Friday, April 9, 2021, the Securities and Exchange Commission (“SEC”) Division of Examinations (the “Division”) issued a Risk Alert detailing its observations of deficiencies and internal control weaknesses from examinations of investment advisers and funds regarding investing that incorporates environmental, social, and governance factors (“ESG investing”).[1]  This alert follows another recent announcement of the creation of a Climate and ESG Task Force within the Division of Enforcement to focus on ESG-related disclosures by public companies and ESG investment practices by investment funds.[2] Continue reading