SEC Warns Asset Managers Over Collaboration on Activist Campaigns
UKPulse Money Desk
The US regulator has cautioned fund groups about potential stricter rules following an investigation into the removal of ExxonMobil board members.
- The SEC has warned asset managers against collaborating on activist campaigns.
- The warning follows a probe into the ousting of ExxonMobil board members.
The US Securities and Exchange Commission (SEC) has issued a warning to asset managers regarding their collaboration on activist campaigns. The regulator indicated that fund groups could face stricter rules.
This caution from the SEC comes after an investigation into the removal of board members at ExxonMobil.