BlackRock to pay $2.5 million fine to settle SEC disclosure charges
From 2015 to 2019, one of BlackRock's trusts made investments in Aviron Group LLC, a firm that developed advertising plans for films, the SEC said. BlackRock inaccurately described the firm to investors, regulators said. In 2019, the asset manager identified the inaccuracies and accurately described the investments from them, the SEC said.