Mississippi slaps BlackRock with a cease-and-desist order

Mississippi slaps BlackRock with cease-and-desist order over ESG policies. Mississippi sent the world's largest money manager a cease- and-disaster order over its policies. BlackRock is facing a legal warning from Mississippi, which sent the order.

BlackRock faces prospect of being barred from offering securities in Mississippi. State officials accused the investment firm of making ‘fraudulent’ statements regarding its climate strategy. State says it made ‘false statements’ regarding its ESG strategy. BlackRock issued legal warning over its climate-related statements.

State of Mississippi threatens to hit BlackRock with massive fine over ESG policies. State also threatens to fine the asset manager over the firm's ESG practices. BlackRock is a major global asset manager in the U.S. and around $1.2 billion in total.