Wyoming Challenges New Federal Labor Rule Allowing Asset Managers to Direct Their Clients' Retirement Money to ESG Investments
January 26, 2023
January 26, 2023
CHEYENNE, Wyoming, Jan. 26 -- Gov. Mark Gordon, R-Wyoming, posted the following news release:
Wyoming has joined a 25-state coalition in a lawsuit over a Department of Labor rule which would affect the retirement accounts of millions of people. The rule would allow 401(k) managers to direct their clients' money to ESG (Environmental Social Governance) investments rather than fiduciary standards. This is contrary to the laws outlined in the Employee Retirement Income Security Ac . . .
Wyoming has joined a 25-state coalition in a lawsuit over a Department of Labor rule which would affect the retirement accounts of millions of people. The rule would allow 401(k) managers to direct their clients' money to ESG (Environmental Social Governance) investments rather than fiduciary standards. This is contrary to the laws outlined in the Employee Retirement Income Security Ac . . .