US Authorities Investigating Deutsche Bank’s DWS Group Over Sustainable Investing Claims
“The first few cases will be very instructive”
According to the WSJ’s report, federal prosecutors and the Securities and Exchange Commission are probing DWS after the company’s former head of sustainability said the firm had exaggerated its use of sustainable investing criteria to manage assets.
The new SEC team will “actively” look into misleading claims made by firms, material misstatements and tips previously received from whistleblowers.