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Bloomberg to pay $5 million to settle US SEC charges of misleading mutual funds on bond valuations

( January 23, 2023, 19:24 GMT | Official Statement) -- MLex Summary: Bloomberg Finance agreed to pay $5 million to settle US Securities and Exchange Commission charges that the firm misled mutual fund customers about its valuation methodologies for a variety of bonds. Bloomberg, owned by former New York City mayor Mike Bloomberg, was aware that misleading disclosures relating to its paid subscription service BVAL could affect the prices at which securities were offered and traded, the SEC said.Statement follows below:...

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