A new Missouri securities rule offers a template for Republican U.S. state officials who want to advance an 'anti-woke' business agenda even as such ideas struggle for legislative backing.
Ashcroft is also running for governor of Missouri on a conservative platform, including a vow in a campaign video to protect residents of the midwestern state from banks that focus on what he called "woke politics."
But Ashcroft also said he wanted to take a different tack than in other states with new Republican-backed restrictions like barring certain companies from managing public money. According to a spokesperson, Ashcroft initiated the rulemaking before the legislative session began, essentially as a backup plan in case lawmakers did not act on the same idea introduced in January.
"There's a lot more arrows in the quiver," said K&L Gates attorney Lance Dial, whose clients include asset managers
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