Stock Groups

U.S. securities regulator names crypto, ESG among 2022 exam priorities -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO : This is the seal of U.S. Securities and Exchange Commission, seen at Washington D.C. U.S.A on May 12, 2021. REUTERS/Andrew Kelly/File photo

WASHINGTON, (Reuters) –The U.S. Securities and Exchange Commission highlighted crypto-assets and information security in the private sector, as well as governance and social issues, among its 2022 examination priorities for market participants like broker-dealers and investors advisers.

In a statement, the SEC stated that its examinations division is responsible for monitoring investor risks and protecting investors. It will review proxy votes to determine if they are in line with ESG-related disclosures or mandates.

According to the agency’s outlook, areas have become priorities since Democrats took over as U.S. regulators in 2021. They include crypto, climate, and broker-dealers’ processes to deal with phishing.

According to the SEC, examiners from the SEC will be focusing on crypto asset custody and will evaluate any recommendations or trading.

Private funds were also included in the outlook of 2022 exams by the agency. Plans include reviewing investment advisers portfolio strategies and risk management as well disclosures to identify conflicts of interests.

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media does not accept any liability for trade losses that you may incur due to the use of these data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts, buy/sell signal, and quotes. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.

[ad_2]