BlackRock fined $2.5M by SEC for incorrect investment disclosure
The United States Securities and Exchange Commission has fined investment adviser BlackRock Advisors $2.5 million, accusing it of failing to accurately describe investments in the entertainment industry that comprised a significant portion of a publicly traded fund it managed.According to the SEC’s filing, between 2015 and 2019, BlackRock Multi-Sector Income Trust (BIT)
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