WisdomTree Hit with $4 Million Fine Over ESG Funds Involving Fossil Fuels

In a recent ruling that has sent shockwaves through the investment community, WisdomTree Investments Inc. has been slapped with a substantial $4 million penalty by the U.S. Securities and Exchange Commission (SEC). The fine arises from the firm’s dual recognition of environmental, social, and governance (ESG) principles while simultaneously having significant investments in fossil fuel companies within their funds. This decision sheds light on the complexities and challenges of managing ESG-compliant investment vehicles.

Continue reading