Breaking: SEC Charges BlackRock Over False Investment Data

The Securities and Exchange Commission (SEC) brought charges against BlackRock, the world’s largest asset manager, on October 24. The allegation revolves around the misrepresentation of entertainment industry investments. Overseeing over $9.43 trillion in assets, BlackRock inaccurately reported high-interest rates from its investments in Aviron Group, a film production company. BlackRock Fined $2.5M for Reporting Error

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