The Securities and Exchange Commission ordered a unit of Deutsche Bank to pay $25 million to settle civil charges that it made misstatements regarding its ESG investment process and failed to develop a mutual fund anti-money-laundering program. DWS Investment Management Americas, a registered investment advisor, agreed to pay the penalty without admitting or denying the SEC’s findings. In one of two regulatory orders, the SEC said DWS marketed itself as an ESG leader that integrated environmental, social, and governance considerations into its investments.
Read full NASCAR article on Yahoo Sports
Read all NASCAR articles