BlackRock is facing a legal warning from Mississippi in the form of a cease-and-desist order over its ESG policies, the latest salvo from Republicans in a multiyear battle with the firm.
The order, issued by Mississippi Secretary of State Michael Watson on Wednesday, accused BlackRock of making “fraudulent statements, omissions, and other misrepresentations” about its environmental, social, and governance strategies. The order comes a week after Texas announced a major divestment from the world’s largest money manager.
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