Judge Won’t Dismiss Suit Challenging State’s New Rules Concerning ESG Factors

(January 8, 2024, 12:54 PM EST) -- JEFFERSON CITY, Mo. — Denying dismissal in a suit challenging new Missouri rules that a trade association says require “a state-authored script” for “incorporating a social or nonfinancial objective into investment advice,” a Missouri federal judge on Jan. 5 rejected state officials’ arguments that Securities Industry and Financial Markets Association (SIFMA) lacks associational standing and failed to state a claim....