BlackRock Fined $2.5M by SEC for Misleading Investment Information

The Securities and Exchange Commission has announced that it has charged BlackRock, one of the world’s largest investment management firms, for misleading investors by inaccurately describing its investments in the entertainment sector.

BlackRock’s public documents filed with the SEC inaccurately represented Aviron as a “Diversified Financial Services” company. These inaccuracies appeared in multiple annual and semi-annual reports publicly available to

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BlackRock fined $2.5M by SEC for incorrect investment disclosureBlackRock agreed to pay a $2.5 million penalty for the incorrect investment disclosure agreement.
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BREAKING: BlackRock to pay $2.5 million penalty after SEC charges it with failing to disclose investmentThe Securities and Exchange Commission announced on October 24 that it charged BlackRock for failing to describe investments in the entertainment indu
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