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.
Nederland Laatste Nieuws, Nederland Headlines
Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.
Bron: MarketWatch - 🏆 3. / 97 Lees verder »
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...
Bron: NEWSMAX - 🏆 16. / 71 Lees verder »