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Jay Ashcroft sued over Missouri's new ESG rules

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Missouri Secretary of State Jay Ashcroft has been sued over the state's new environmental, social and corporate governance rules.

The Securities Industry and Financial Markets Association alleges in the lawsuit that the rules conflict with federal securities laws.

The rules require broker-dealers to get customer consent to buy or sell an investment product based on social or other nonfinancial objectives.

Read more from the St. Louis Post-Dispatch.

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