BNY Mellon Investment Adviser has agreed to pay a $1.5 million fine to the Securities and Exchange Commission (SEC) for making โ€œmisstatements and omissionsโ€ on environmental, social, and governance (ESG) mutual funds it managed over three years.

Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:...