BlackRock Issued Warning Over ‘Misleading Statements’ Tied to ESG Funds
By Mehnaz Yasmin
BlackRock BLK.N 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 (ESG) investment strategies, according to a 33-page document released on Wednesday.
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.
Source: Nasdaq (link opens in a new window)
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