BlackRock, the world’s largest asset manager, will pay a $2.5 million fine after being found guilty by the SEC
The US Securities and Exchange Commission (SEC) announced yesterday that BlackRock Advisors LLC “by failing to accurately describe its investments in the entertainment industry” He declared that he was guilty.
BlackRock to reach a settlement following accusations $2.5 million He agreed to pay a fine.
According to the SEC’s statements, one of BlackRock’s funds invested in a company called Aviron Group LLC, which developed advertising strategies for movies between 2015 and 2019. However, BlackRock identified Aviron in the documents submitted to the SEC. “A Diversified Financial Services” He described it as a company.
BlackRock’s spot Bitcoin exchange-traded fund (ETF) becomes available on clearinghouse DTCC’s site Thousands of dollars increase in Bitcoin price happened.
The newly learned information is on the fund’s DTCC website. has been involved since August is showing. According to the statements made by DTCC officials, this It does not make any sense in terms of its legal status.
According to the statement made by the DTCC spokesperson, the company accepted the exchange traded funds for which it applied. “preparation” for the purpose of, “standard procedure” adds it to the list as required.