The U.S. Securities and Exchange Commission (SEC) has fined investment management giant BlackRock Inc. $2.5 million for inaccurate disclosures regarding a fund’s investments between 2015 and 2019. According to the SEC, BlackRock’s Multi-Sector Income Trust (BIT) made sizeable loans to entertainment company Aviron Group but improperly classified the position as “Diversified Financial Services” in public […]