Tuesday’s raid follows a probe the Securities and Exchange Commission (SEC) launched in August into allegations of greenwashing by DWS, The Wall Street Journal reported. That investigation came shortly after Fixler went public with allegations the asset manager misled investors over its ESG claims.
The SEC has intensified its focus on greenwashing claims in recent weeks. The regulator imposed a first-of-its-kind $1.5 million penalty against a BNY Mellon subsidiary last week for misstating how it applied ESG criteria to its mutual funds.