Published 1 month ago

Mississippi Secretary of State accuses investment company of fraudulent actions

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Mississippi Secretary of State Michael Watson (R-Miss.) and the Securities Division of his office issued a Summary Cease and Desist Order against BlackRock, Inc. BlackRock provides exchange-traded funds (ETFs), or pooled investments categorized as securities, and currently manages over $9 trillion in investments through 70 offices in 30 countries.

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WJTV

Mississippi Secretary of State accuses investment company of fraudulent actions

JACKSON, Miss. (WJTV) – Mississippi Secretary of State Michael Watson (R-Miss.) and the Securities Division of his office issued a Summary Cease and Desist Order against BlackRock, Inc. The multinational investment company was also issued a Notice of Intent to Impose Administrative Penalty. Watson said the Securities Division seeks to stop BlackRock’s alleged fraudulent actions and impose a multimillion-dollar administrative penalty. BlackRock p…

1 month ago·Jackson, United States

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