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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