What Has BlackRock Done Recently?
The U.S. Securities and Exchange Commission has fined BlackRock $2.5 million for incorrect investment disclosures
Reportedly, between 2015 and 2019, BlackRock's BIT fund invested in Aviron Group, an advertising business, which was not accurately reported in the annual filings
Additionally, BlackRock's advisors mistakenly categorized Aviron as a "Diversified Financial Services" company and misrepresented its interest rate
Interestingly, the SEC's charges against BlackRock coincide with the listing of a spot Bitcoin ETF on DTCC.