SEC acusa BlackRock de não divulgar investimentos adequadamente
The U.S. Securities and Exchange Commission (SEC) has taken action against BlackRock Advisors, LLC, accusing the investment advising firm of misrepresenting certain entertainment industry investments in its publicly traded fund. In light of these allegations, BlackRock has consented to pay a penalty amounting to $2.5 million. BlackRocks Misrepresentation of Aviron Group, LLC Between 2015 and 2019, the BlackRock Multi-Sector Income Trust (BIT) engaged in substantial investments with Aviron Group, LLC. Avirons primary operations revolved around formulating print and promotional strategies for one to two film projects each year. However, the SEC discovered discrepancies in how BlackRock portrayed Aviron in several of BIT‘s annual and semi-annual public reports. Rather than describing Aviron’s genuine role in the entertainment sector, BlackRock labeled them as a “Diversified Financial Services” entity. Furthermore, BlackRock alleged that Aviron remitted an interest rate which was notably higher than the genuine figure. By 2019, BlackRock rectified these misrepresentations, ensuring that subsequent reports aptly outlined Avirons investments. The Importance of Transparent Disclosures Andrew Dean, who co-leads the Enforcement Division‘s Asset Management Unit at the SEC, emphasized the crucial role of accurate disclosures. He stated, “Both retail and institutional investors depend on transparent revelations regarding the constituents of a mutual or closed-end fund’s portfolio when deciding on