Peter Saparoff, Chair of Mintz’s Institutional Investor Class Action Recovery Practice, and Associate Sofia Nuño published an article in Bloomberg Law examining how state attorneys general are increasingly applying antitrust and consumer-protection laws to asset managers’ ESG and AI stewardship practices, marking a shift toward more aggressive state-level enforcement beyond federal oversight.

In the article, the authors write, “For asset managers, the key lesson is that compliance requires more than adherence to federal securities laws. Firms must plan for regulatory volatility and build adaptive compliance frameworks that can withstand shifting state priorities, rather than relying on the familiar guardrails of the past.”

Source

Bloomberg Law