stry accurately. The firm is the largest asset manager in the world, with over $9.43 trillion worth of assets under its management as of Q2 2023. Per the charges, from 2015 to 2019, BlackRock made investments through a lending facility in Aviron Group for one to two films per year. BlackRock stated that Aviron paid a higher interest rate than was actually the case, and in 2019, the asset manager identified these inaccuracies and accurately reported the Aviron investment in reports going forward.
The SEC’s Co-Chief of the Enforcement Division’s Asset Management Unit, Andrew Dean, in the press release stated, “Retail and institutional investors rely on accurate disclosures of the companies that make up a closed-end or mutual fund’s portfolio to evaluate a current or prospective investment in the fund. Investment advisers have a responsibility to provide this vital information, and BlackRock failed to do so with the Aviron investment.
الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين
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The stock market may be ignoring this 'bad news' as earnings get under way‘Stealth stagnation’ has gone under the radar, says BlackRock team
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BlackRock Warns of US Earnings StagnationInvestors looking toward U.S. corporate earnings growth to revive the rally in the benchmark S&P 500 may be disappointed as inflation remains volatile, strategists at the BlackRock Investment Institute warned in a note Monday. The S&P 500 is down nearly 8% from its July...
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