<p>The post <a rel="nofollow" href="https://coinpedia.org/crypto-live-news/sec-find-blackrock-2-5m-inaccurate-investment-exposure/">SEC Find BlackRock $2.5m Inaccurate Investment Exposure!</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>BlackRock Advisors has reached a $2.5 million settlement with the Securities and Exchange Commission (SEC) after being accused of inaccurately describing significant investments in the entertainment industry that comprised a publicly traded fund. According to the SEC, between 2015 and 2019, BlackRock Multi-Sector Income Trust (BIT) made significant investments in Aviron Group but inaccurately described it as a “Diversified Financial Services” company in many annual and semi-annual reports. BlackRock consented to the SEC’s order, which found that it violated the Investment Advisers Act of 1940 and the Investment Company Act of 1940.</p>

SEC Find BlackRock $2.5m Inaccurate Investment Exposure!

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