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The SEC seeks information from index providers on its role in investment decisions



(Reuters) – The US Securities and Exchange Commission on Wednesday requested information about the activities of financial information providers amid growing concerns about their influence on investment decisions, despite the fact that they are not fully regulated.

Critics have expressed concern that information providers, particularly index companies such as S&P Global, MSCI and FTSE Russell, which help with trillions of dollars of global investment decisions, have acted as unregulated investment advisers.

“The role of this information provider today raises important questions under securities law about when to provide investment advice rather than just information,”

; US SEC President Gary Gensler said in a statement.

Index providers are currently treated as data publishers by the SEC.

The information gathered will help the watchdog understand whether information providers should be regulated, given the influence of these companies in driving investment decisions, the statement said.


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