Skip to Content

Federal court strikes down Missouri investment rule targeted at `woke politics’

Associated Press

JEFFERSON CITY, Mo. (AP) — A federal judge has struck down a Missouri rule requiring disclosure of “social objectives” in investment decisions. Republican Secretary of State Jay Ashcroft had described the rule as a way to expose financial institutions that “put woke politics ahead of investment returns.” But a federal judge said it was preempted by federal law and infringed on the First Amendment free speech rights of investment advisors. Ashcroft’s office enforces state securities laws. He touted the rule during his recent campaign for governor. Ashcroft finished third in the Republican primary last week.

Article Topic Follows: AP Missouri

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

ABC 17 News is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content