Previously, we reported that Mississippi Secretary of State Michael Watson claimed the Justice Department is using the U.S. Marshals Service and jails to encourage illegal immigrants and imprisoned felons to register to vote. Now we have something even more interesting. They’ve been issued a cease and desist order.
The order accuses BlackRock of repeatedly misleading Mississippi investors regarding its ESG practices, particularly concerning non-ESG funds, such as exchange-traded funds (ETFs), which do not purport to follow a sustainable investment strategy. BlackRock doesn’t incorporate ESG considerations, misleading investors about their broader ESG commitments.
In other words, Black Rock is committing fraud with deceptive practices.
“BlackRock made untrue statements that certain of its funds do not incorporate ESG considerations. As detailed extensively in this order, BlackRock stated on multiple occasions, either expressly through publications or by action, that the company does, in fact, incorporate ESG considerations into its non-ESG funds,” the order from Mississippi states.
The Cease and Desist Order points out that each misrepresentation BlackRock has performed is a violation of Mississippi’s Securities Act. As the company has been uncovered to have conducted ‘thousands of potential violations,” BlackRock is facing tens of millions of dollars worth of fines.
“Investment companies will not push their political agenda on Mississippians, especially through fraudulent and deceptive means,” said Secretary Watson in a press release.
The Cease and Desist Order comes at a time of growing scrutiny over the accuracy and transparency of ESG practices within the financial industry.
No one in Mississippi or anywhere needs a political whore telling them what to do. Watson’s going up against a company with trillions to spend. We’ll see how it goes. Black Rock’s Larry Fink has too much money and too much power.
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Blackrock is not only taking opportunities away from first-time home buyers by outbidding them, it is buying up entire NEIGHBORHOODS to force Americans into renting. And now we learn that they use their obscene amounts of money for leftist causes. This is what capitalism without a moral basis looks like. This is the damage Blackrock is doing to America.
This is why you should never fear huge corporations. Yes, it seems like they own the world, but ONE WRONG MOVE and the whole house of cards comes crashing down all at once, and the market picks up the pieces. And you know what? Once they think they’re God, they always make that wrong move. Witness Disney, Target, Bud Lite, NASCAR. They always make that ONE wrong move.
I hope you pulled all your money out Mississippi.
Does not mean that FINK CANNOT BE SHOT AND KILLED IN METHOD TO REMOVE FROM EQUATION
Charge them under the RICO statutes and fine them all their assets. These are the worst crooks. Let the Left suffer by their own tactics.