With more than a decade of experience as Senior In-house Counsel with global investment managers, Lance has a deep understanding of mutual fund law and operation and is fluent in the myriad regulations applicable to investment managers. He is well versed in the creation of investment products and environmental, social and governance (ESG) and sustainability matters. Lance works extensively on regulatory policy matters engaging with various financial services regulators, including the US Securities and Exchange Commission, US Department of Labor, Internal Revenue Service, and US Department of Treasury.
The regulation from the Department of Labor is expected to be more durable than the old one banning ESG considerations by retirement plans.
I think the DOL’s intent is to make plan sponsors unafraid of offering ESG strategies.