September 27, 2021

Volume XI, Number 270

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September 24, 2021

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SEC Announces New Climate and ESG Task Force

On March 4, the Securities and Exchange Commission announced the creation of its new Climate and ESG Task Force within the Division of Enforcement. Kelly L. Gibson, acting deputy director of Enforcement, will lead the task force focused on environmental, social, and governance (ESG) concerns, overseeing 22 members from the SEC’s headquarters, regional offices, and specialized units.

The Climate and ESG Task Force will focus on developing initiatives to identify ESG-related misconduct, including identifying material gaps or misstatements in issuers’ disclosure of climate risks and disclosure and compliance issues relating to investment advisers’ and funds’ ESG strategies. The task force will also work closely with other SEC Divisions and Offices, including the Divisions of Corporation Finance, Investment Management, and Examinations.

SEC Release No. 2021-42.

©2021 Katten Muchin Rosenman LLPNational Law Review, Volume XI, Number 64
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About this Author

Susan Light, Katten Law Firm, Finance Law Attorney, New York
Partner

Susan Light focuses her practice on financial services regulatory matters. She counsels broker-dealers, hedge funds, investment banks and financial services clients on enforcement issues involving the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), other self-regulatory organizations (SROs) and state and federal regulatory authorities. She has particular experience related to sales practice issues, financial and operational issues, anti-money laundering, crowdfunding, cybersecurity, and cryptocurrencies.

...
212-940-8599
Associate

Shelby Kost represents a variety of clients in the financial services industry in a wide range of transactional and corporate matters, advising clients with respect to restructurings, fund formation, mergers and acquisitions, joint ventures, as well as various types of employment, advising and trading agreements.

A background of experience that leads to a wealth of knowledge

While in law school, Shelby served as a lead articles editor for the Loyola University Chicago Law Journal, and represented Loyola University Chicago School of Law at the National Moot Court...

312-902-5444
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