AG Moody Takes Multistate Action to Stop Rule Allowing Asset Managers to Direct Client Retirement Money to ESG Investments
January 28, 2023
January 28, 2023
TALLAHASSEE, Florida, Jan. 28 -- Florida Attorney General Ashley Moody issued the following news release on Jan. 27, 2023:
Attorney General Ashley Moody is taking action to stop a Department of Labor rule which would affect the retirement accounts of millions of people. The rule allows 401(k) managers to direct clients' money to Environmental, Social and Governance investments and runs contrary to the laws outlined in the Employee Retirement Income Security Act of 1974.
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Attorney General Ashley Moody is taking action to stop a Department of Labor rule which would affect the retirement accounts of millions of people. The rule allows 401(k) managers to direct clients' money to Environmental, Social and Governance investments and runs contrary to the laws outlined in the Employee Retirement Income Security Act of 1974.
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