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SEC settled charges with Bloomberg LLP misleading paid subscription service BVAL, SEC regulatory action for not giving customers complete info about security pricing SEC Bloomberg sanction SEC Section 17 a 2 when misstatements did not have connection with offer or sale of a security

<p><span>The Commission’s settled enforcement action finds that Bloomberg Finance, L.P. (“Bloomberg”) violated Section 17(a)(2) of the Securities Act of 1933, which prohibits the use of materially false statements to obtain money or property in the offer or sale of securities.</span><a name="_ftnref1" href="https://www.sec.gov/news/statement/peirce-uyeda-statement-bloomberg-finance-012423#_ftn1">[1]</a><span>&a...

The US Securities and Exchange Commission (SEC) Monday settled with Bloomberg Finance L.P. over claims that the company made misleading disclosures relating to its paid subscription service BVAL, whic...