If there is documented evidence that suggests that there is a category of criteria that promoting this category results in a lower return to investors, then anybody advising that would be failing to live up to their fiduciary obligations.
Toomey emphasizes fiduciary responsibility regarding investment returns and ESG criteria.
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I think there is a case to be made that there should be a regulatory regime on disclosure requirements for an issuer.
There was unauthorized lending of customer assets to an affiliated entity, and there were apparently fraudulent promises to investors and customers about FTX's operations.
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