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Senator Tuberville wonders if customers can sue for inaccurate ESG ratings after FTX collapse

Alabama Senator Tommy Tuberville tells Commodity Futures Trading Commission Chairman Rostin Behnam that major environmental social governance ESG ratings companies gave FTX high marks very high marks for corporate governance but the exact opposite was true, asking what federal agency is responsible for auditing ESG rating reports, how to protect investors from inaccurate reporting by ESG rating companies such as if people be sued, Benham responding at a hearing of the Senate Agriculture Committee weeks after the rapid collapse of the FTX crypto trading platform that would depend on whether such products are being traded.
Alabama Senator Tommy Tuberville tells Commodity Futures Trading Commission Chairman Rostin Behnam that major environmental social governance ESG ratings companies gave FTX high marks very high marks for corporate governance but the exact opposite was true, asking what federal agency is responsible for auditing ESG rating reports, how to protect investors from inaccurate reporting by ESG rating companies such as if people be sued, Benham responding at a hearing of the Senate Agriculture Committee weeks after the rapid collapse of the FTX crypto trading platform that would depend on whether such products are being traded.
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May not be used as partisan political campaign material to promote or oppose the candidacy of any person for elective public office, and may not be used to distort the objects and purposes of the hearing, or cast discredit on or dishonor any member of the U.S. House of Representatives or U.S. Senate, or bring the House or Senate or any Member into disrepute.
Credit:
FedNet / Getty Images
Editorial #:
1446234267
Collection:
FedNet
Date created:
December 01, 2022
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License type:
Rights-ready
Release info:
Not released.ÌýMore information
Clip length:
00:00:59:26
Location:
Washington, DC, United States
Mastered to:
QuickTime 8-bit H.264 HD 1920x1080 29.97p
Source:
FedNet
Object name:
sag120122r