WisdomTree Pays $4M SEC Penalty For Compliance Failures Related To ESG Funds
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 21 2024
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Source: Benzinga
SEC Charges WisdomTree: The U.S. SEC charged WisdomTree Asset Management for misstatements and compliance failures regarding their ESG-marketed ETFs, which invested in fossil fuels and tobacco contrary to their stated investment criteria.
Financial Penalty and Fund Liquidation: WisdomTree agreed to pay a $4 million civil penalty and liquidated the three implicated funds in February 2024, while emphasizing the importance of adhering to disclosed investment strategies.
Analyst Views on DEM
Wall Street analysts forecast DEM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DEM is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 48.560
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Current: 48.560
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
