Invesco QQQ Trust

Invesco QQQ Trust is an exchange-traded fund that tracks the Nasdaq-100 Index, comprising 100 of the largest non-financial companies listed on the Nasdaq stock exchange.

CCI Score

-45.76

0.03% May 3

Latest Event

Invesco Settles SEC ESG Misrepresentation Allegations

Invesco Advisers agreed to pay $17.5 million to settle SEC allegations that it inflated the reported volume of ESG assets. The settlement, which resolved concerns over misleading ESG disclosures related to its investment products including the Invesco QQQ Trust, followed an investigation covering the period from April 2020 to July 2022.

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QUISLING

Invesco QQQ Trust is currently rated as a Quisling.

-44 to -59 CCI Score

These companies are fully aligned with authoritarian regimes. They not only support but also enforce oppressive policies, playing a significant role in the regime’s operational apparatus and contributing directly to its consolidation of power.

Latest Events

NOV

11

2024

Invesco Settles SEC ESG Misrepresentation Allegations
-38.15

Invesco Advisers agreed to pay $17.5 million to settle SEC allegations that it inflated the reported volume of ESG assets. The settlement, which resolved concerns over misleading ESG disclosures related to its investment products including the Invesco QQQ Trust, followed an investigation covering the period from April 2020 to July 2022.
-40

Business Practices and Ethical Responsibility

April 23

The settlement over misleading ESG asset disclosures raises serious concerns about Invesco's business practices and ethical responsibility. By inflating ESG metrics, the company undermined transparency and accountability, which can compromise investor trust and weaken commitments to genuine ESG integration. This misrepresentation detracts from efforts to support environmental, social, and governance standards that help protect marginalized communities.

Invesco Settles Allegations to Pay $17.5mn for Inflated Volume of ESG Assets
NOV

11

2024

SEC Fines Invesco for Misleading ESG Claims
-38.15

The SEC fined Invesco $17.5 million for making misleading claims about its ESG integration levels in marketing materials, overstating the amount of assets under management that were ESG integrated due to inclusion of passive ETF holdings that did not actually consider ESG factors. Invesco settled the charges without admitting or denying the allegations.
-40

Business Practices and Ethical Responsibility

April 23

Invesco's misleading ESG claims undermine ethical business practices and transparency, key principles for corporate accountability. By overstating its ESG integration, the firm not only misinforms investors but also detracts from genuine sustainability efforts, reflecting poor ethical responsibility.

SEC Fines Invesco $17.5 Million for Misleading ESG Investing Claims
NOV

08

2024

Invesco ESG Misrepresentation Settlement
-47.65

Invesco Advisors agreed to pay a $17.5 million civil penalty to settle SEC charges for misleading investors about the proportion of assets that were ESG integrated, including claims related to funds like the Invesco QQQ Trust.
-50

Business Practices and Ethical Responsibility

April 23

Invesco's misleading claims regarding ESG integration represent a breach of ethical business practices. By exaggerating ESG figures for commercial gain without substantiated policies, the company engaged in deceptive behavior that undermines investor trust and accountability. Such practices, even if not directly aligned with supporting authoritarian aims, reflect broader corporate irresponsibility that can indirectly contribute to an environment where regulatory oversight is weakened.

Invesco to Pay $17.5M Penalty to Settle SEC ESG Charges
NOV

08

2024

SEC Fines Invesco for Misleading ESG Statements
-47.65

On November 8, 2024, the SEC charged Invesco for making misleading statements about the percentage of assets under management that were ESG integrated. The firm had claimed that 70-90% of its AUM was ESG integrated, despite lacking a defined written policy on ESG integration, and including passive assets that did not incorporate ESG factors. The SEC order included a cease and desist directive, a censure, and a civil penalty of US$17.5 million.
-50

Business Practices and Ethical Responsibility

April 23

Invesco's actions of issuing misleading statements about its ESG integration practices represent a clear ethical breach in business practices. By exaggerating ESG metrics to portray a socially responsible image without the proper internal policies, Invesco undermines corporate transparency and accountability, potentially deceiving investors and stakeholders. This behavior is contrary to progressive corporate practices and fails to uphold commitments to ethical responsibility.

SEC Fines Invesco Advisers US$17.5 million for Misleading Statements
NOV

08

2024

SEC Settlement Over Greenwashing Allegations
-57.18

On November 8, 2024, the SEC reached a settlement with an investment advisor related to Invesco regarding allegations of misleading ESG claims. The firm was accused of overstating the percentage of ESG-integrated assets and agreed to pay a $17.5 million penalty, raising concerns about its commitment to ethical business practices.
-60

Business Practices and Ethical Responsibility

April 23

The settlement exposes significant ethical lapses by the firm through its greenwashing practices. By exaggerating its ESG integration, the investment advisor undermined transparent corporate behavior and accountability, which negatively impacts investor trust and broader efforts toward corporate responsibility.

SEC Settlement Highlights Greenwashing Allegations and $17.5M Pen