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BlackRock charged for inaccurate description of entertainment investments

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Photo: David McNew/Getty Images

Julie DiMauro

1 min read
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BlackRock inaccurately described investments in the entertainment sector in public filings.

The SEC announced on Tuesday that it has charged BlackRock, one of the world’s largest investment management firms, for misleading investors by inaccurately describing its investments in the entertainment sector.

The agency found that BlackRock failed to disclose certain risks associated with its investments, leading investors to make decisions

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