Indiana’s Secretary of State Alleges BlackRock Committed Securities Fraud over ESG Funds

Diego Morales, the secretary of state of Indiana, recently penned a cease-and-desist letter to BlackRock for securities fraud. Legislators in the state have already approved a bill that prohibits contentious strategies for environmental, social and governance (ESG) investment.

In the letter, Morales accused the company of making misleading and false statements concerning its ESG funds. The letter was issued to the…

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