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BlackRock was issued a legal warning by the U.S. state of Mississippi over false and misleading statements to Mississippi investors tied to its environmental, social and governance ...
The state of Mississippi has issued a cease and desist order to trillion-dollar asset manager BlackRock, alleging the firm has committed fraud by misleading inv
Mississippi alleges that BlackRock misled investors and should be fined millions.
Mississippi Secretary of State Michael Watson issued a cease and desist order on Tuesday against asset management company BlackRock, claiming that the firm "repeatedly made false and misleading statements" concerning its environmental, social, and governance agenda, Fox Business reported.Watson, alo...
The Mississippi secretary of state Michael Watson and the state's Securities Division issued a 'summary cease and desist order' and served a warning to impose a multimillion-dollar administrative penalty on the New York-based money manager. Mississippi's legal warning comes after Florida, Louisiana and Missouri have previously said they plan to pull investment mandates from the company, citing concerns that include impact on investor returns due to BlackRock's ESG efforts.