Crypto:
29757
Bitcoin:
$66.870
% 0.01
BTC Dominance:
%54.3
% 0.12
Market Cap:
$2.43 T
% 0.29
Fear & Greed:
73 / 100
Bitcoin:
$ 66.870
BTC Dominance:
% 54.3
Market Cap:
$2.43 T

BlackRock is Again Accused by SEC!

BlackRock

The U.S. Securities and Exchange Commission (SEC) has a history of taking a hard stance against companies involved in or investing in cryptocurrency. However, its recent accusation against BlackRock does not involve cryptocurrencies, but is about the investments made by BlackRock’s Multi-Sector Income Trust (BIT) into film company Aviron.

The SEC’s accusation claims there are discrepancies associated with BlackRock’s investments into Aviron. Additionally the SEC states their disclosures on the matter are inadequate and pose a risk of deceiving investors.


You migh like: Ethereum (ETH) Analysis and Status of Altcoins!


This accusation covers a period between 2015 and 2019. BlackRock has neither admitted nor denied the accusations. As the outcome, BlackRock agreed to settle with the SEC by paying a fine of $2.5 million.

This accusation against BlackRock is not a first incident. In 2015, its subsidiary BlackRock Advisors was fined $12 million, and also in 2017 it received a fine of $340,000 for attempting to interfere with its employees receiving compensation.

Such events may be considered part of The U.S. Securities and Exchange Commission’s efforts to protect financial markets and investors.

The SEC’s approach to Spot ETFs is currently seen as the biggest bull factor in the market.


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