Mississippi issues cease-and-desist order to BlackRock for alleged ESG policy misleading.
Mississippi has issued a cease-and-desist order to BlackRock, accusing the company of misleading investors through its climate policies. Mississippi Secretary of State Michael Watson's office claims that BlackRock has made false and misleading statements to Mississippi investors concerning its broader environmental, social, and governance (ESG) agenda. This action is targeting ESG investing, where the state seeks to stop BlackRock's alleged fraudulent actions and impose a multimillion-dollar administrative penalty.
March 27, 2024
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