Mississippi Secretary of State Michael Watson and the Securities Division of the Secretary of State's Office have issued a "Cease and Desist Order" against asset manager BlackRock, alleging deceptive practices regarding the company's Environmental, Social, and Governance (ESG) commitments.
The order accuses BlackRock of repeatedly misleading Mississippi
investors regarding its ESG practices, particularly concerning its
non-ESG funds, such as exchange-traded funds (ETFs), which do not
purport to follow a sustainable investment strategy. ---More...