Bloomberg BNA: Investors With $3.75 Trillion Defend Conflict Minerals Rule

A global group of investors managing more than $3.75 trillion in assets is backing a U.S. regulation marked for possible rollback that requires companies to trace their use of minerals from war-torn regions in Africa.

“Conflict minerals disclosure is material to investors,” Boston Common Asset Management, Mercy Investment Services and about 100 other investors and investor groups wrote in a Feb. 17 letter to the Securities and Exchange Commission. The agency is now reconsidering how it implements the rule after its acting chairman questioned its effectiveness.

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