Mississippi Says BlackRock Deceives Investors on ESG Agenda, Orders It to ‘Cease and Desist’

‘Investment companies will not push their political agenda on Mississippians,’ Secretary of State Michael Watson stated.
Mississippi Says BlackRock Deceives Investors on ESG Agenda, Orders It to ‘Cease and Desist’
A sign for BlackRock Inc. on its building in New York, on July 16, 2018. Reuters/Lucas Jackson
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Red state officials put more heat on BlackRock this week, with Mississippi charging that the world’s largest asset manager had misled investors about its support for the progressive environmental social governance movement, also known as ESG, in violation of state securities laws.

“Investment companies will not push their political agenda on Mississippians, especially through fraudulent and deceptive means,” Michael Watson, Mississippi’s secretary of state, said in an issued statement. “All citizens should have the opportunity to make informed and educated decisions when investing their hard-earned money.”

Kevin Stocklin
Kevin Stocklin
Reporter
Kevin Stocklin is a contributor to The Epoch Times who covers the ESG industry, global governance, and the intersection of politics and business.