The Securities and Exchange Commission (SEC) has taken action against investment advisory firm BlackRock Advisors, LLC (NYSE: BLK) for allegedly failing to provide an accurate description of substantial investments in the entertainment sector related to a publicly traded fund under its guidance.
This revelation gains even more significance as the financial world prepares for Benzinga's Future of Digital Assets conference on Nov. 14, where transparency and accurate disclosures in the digital and traditional investment landscape will be a central theme.
According to the SEC's findings, from the period of 2015 to 2019, BlackRock Multi-Sector Income Trust (BIT) made significant financial commitments to Aviron Group, LLC.
Aviron is recognized for its work in developing advertising and print plans for ...