Published 1 month ago

Mississippi hits BlackRock with cease and desist, threatens massive fine over ESG policies

Mississippi's Secretary of State sent a cease and desist letter to BlackRock regarding alleged misleading of clients about ESG investing.
BlackRock claims to prioritize clients' investments while facing backlash and lawsuits for ESG practices.
BlackRock faced backlash and lawsuits for ESG practices, including potential penalties for misleading investors.

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New York Post

BlackRock warned by Mississippi over ‘misleading statements’ tied to ESG funds

BlackRock was issued a legal warning over "false and misleading statements to Mississippi investors" tied to social and governance (ESG) investment strategies.

1 month ago·New York, United States

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Washington Examiner

Mississippi slaps BlackRock with cease-and-desist order over ESG

BlackRock is facing a legal warning from Mississippi, which sent the world’s largest money manager a cease-and-desist order over its ESG policies.

1 month ago·Washington, United States

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The Daily Caller

Red State Slaps Wall Street Titan With Cease And Desist Order Over ‘Fraudulent’ Claims About Green Investments

Mississippi sent a cease and desist letter to BlackRock Tuesday night over claims the company misleads clients about its involvement in ESG investing.

1 month ago·Washington, United States

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The Epoch Times

Mississippi Says BlackRock Deceives Investors on ESG Agenda, Orders It to ‘Cease and Desist’

Red state officials put more heat on BlackRock this week, with Mississippi charging that the world’s largest asset manager had misled investors about its support for the progressive environmental social governance movement, also known as ESG, in violation of state securities laws. “Investment companies will not push their political agenda on Mississippians, especially through fraudulent and deceptive means,” Michael Watson, Mississippi’s secreta…

1 month ago·New York, United States

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Bloomberg

BlackRock Issued Legal Warning Over ESG Strategy by Mississippi

BlackRock Inc. faces the prospect of being barred from offering securities in Mississippi after state officials accused the investment firm of making “fraudulent” statements regarding its climate strategy.

1 month ago·United States

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