Mississippi Threatens Massive Fine Against BlackRock Over ESG Policies

Mississippi has issued a cease and desist order to BlackRock, alleging the firm has committed fraud by misleading investors through its climate policies. The state threatens a multimillion-dollar fine, targeting BlackRock's environmental, social, and governance (ESG) investing. BlackRock denies the allegations, stating its commitment to following the law and maximizing risk-adjusted returns for clients. Consumer watchdog group supports Mississippi's action, claiming it could defeat ESG policies nationwide.