Mississippi Secretary of State accuses investment company of fraudulent actions
JACKSON, Miss. (WJTV) – Mississippi Secretary of State Michael Watson (R-Miss.) and the Securities Division of his office issued a Summary Cease and Desist Order against BlackRock, Inc.
The multinational investment company was also issued a Notice of Intent to Impose Administrative Penalty.
Watson said the Securities Division seeks to stop BlackRock’s alleged fraudulent actions and impose a multimillion-dollar administrative penalty.
BlackRock provides exchange-traded funds (ETFs), or pooled investments categorized as securities, and currently manages over $9 trillion in investments through 70 offices in 30 countries. Watson said the company recently asserted itself as a leader in the investment industry to promote environmental, social, and governance (ESG) factors on portfolio companies.
https://www.msn.com/en-us/news/other/mississippi-secretary-of-state-accuses-investment-company-of-fraudulent-actions/ar-BB1kDUGd
