Florida AG James Uthmeier announced an investigation into whether proxy advising companies Glass Lewis & Co. and Institutional Shareholder Services Inc. may have misrepresented their diversity, equity, and inclusion (DEI) and environmental, social, and governance (ESG) investing policies in violation of the state’s consumer protection and antitrust laws. According to the AG’s office, the companies—which…

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A group of four Democratic AGs sued the EPA and Citibank, N.A., as a financial agent for the federal government, alleging that they wrongfully denied the states access to funds appropriated by Congress for clean-energy projects in violation of the Administrative Procedures Act, the separation of powers, the Spending Clause, and the Tenth Amendment, among…

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Iowa AG Brenna Bird sued cryptocurrency ATM operators Lux Vending, LLC, and Bitcoin Depot Operating, LLC and GPD Holdings LLC d/b/a CoinFlip for allegedly failing to protect consumers from scams perpetrated using their ATMs in violation of state consumer protection law.

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A group of 11 Republican AGs announced that they have sent letters to multiple financial institutions (collectively, “Financial Institutions”) warning that the companies’ diversity, equity, and inclusion (DEI) and environmental, social, and governance (ESG) commitments may violate state and federal laws and risk enforcement action. The letter states that the Financial Institutions appear to be implementing…

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New Jersey AG Matthew Platkin has settled with Edward D. Jones & Co., L.P., as part of a multistate investigation that included 14 states and the North American Securities Administrators Association, over allegations that the broker-dealer overcharged customers and failed to adequately supervise its financial professionals when moving commission-based brokerage accounts to fee-based investment advisory…

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