Invesco Advisers, which operates Invesco mutual funds and has around $746 billion in assets under management, has agreed to pay $17.5 million to resolve allegations that it overstated the volume of assets it held in funds dedicated to environmental, social, or corporate governance themes, or ESG, the Securities and Exchange Commission said on Friday.
The SEC alleges that from April 2020 through July 2022 the Atlanta-based advisor “made misleading statements” about the companywide level of Invesco assets it described as “ESG-integrated.”
…
