Fact Sheet: SEC Must Finalize Rules on Climate Disclosure, ESG, and Market Structure Reforms

WASHINGTON, D.C. - February 21, 2024 (www.waternewswire.com) Benjamin Schiffrin, Director of Securities Policy, issued the following statement on the release of Better Markets' new Fact Sheet, The SEC Must Finalize Its Climate Disclosure Rule, Its ESG Disclosure Rule, and Its Market Structure Reforms:

"Under Chair Gensler's tenure, the Securities and Exchange Commission has proposed and finalized over 30 rules that will help protect investors, our markets, and our entire financial system and economy. Now it is time for the SEC to focus on finalizing some of its most important pending rules: the Climate Disclosure Rule, its ESG Disclosures for Investment Advisers and Investment Companies rule, and its market structure reform rules. These rules will help ensure that investors receive key information about the climate risks facing the companies they own, that investment funds can't mislead investors with unwarranted hype about their ESG offerings, and that everyday Americans really do get the best prices when brokers execute their securities trades.

"These rules are necessary to better protect investors and make the markets fairer and more transparent. While we recognize that the SEC must take the time warranted to ensure that the rules fully comply with the law, achieve their intended results, and reflect the limited economic analysis required, investors and markets are entitled to the many benefits of these rules. Indeed, these rules lie at the heart of the SEC's mission and mandate, and they should be finalized as quickly as possible."

You can find the fact sheet here.

Better Markets is a non-profit, non-partisan, and independent organization founded in the wake of the 2008 financial crisis to promote the public interest in the financial markets, support the financial reform of Wall Street and make our financial system work for all Americans again. Better Markets works with allies-including many in finance-to promote pro-market, pro-business and pro-growth policies that help build a stronger, safer financial system that protects and promotes Americans' jobs, savings, retirements and more. To learn more, visit www.bettermarkets.org.

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