CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

The Daily Hodl 2025-05-27 11:45:13

BlackRock, State Street and Vanguard Accused by US Government of Colluding To Drive Up Energy Prices

US government authorities are accusing the asset management giants BlackRock, State Street and Vanguard of colluding against the coal industry. In November of last year, 11 state attorneys general, led by Texas AG Ken Paxton, accused the three financial firms of engaging in an anticompetitive conspiracy to drive down coal production. The attorneys general allege the firms tapped their influence as shareholders in competing coal companies to reduce industrywide coal output, illegally sharing competitively sensitive information in the process. Now, the Federal Trade Commission (FTC) and the Antitrust Division of the Department of Justice (DOJ) have filed a “Statement of Interest” in support of the AGs’ case. The federal officials argue that BlackRock, State Street and Vanguard’s alleged conduct increased energy prices for consumers and businesses. “This case is not about ordinary activity by asset managers such as passive index investing or even pro-competitive activism. As alleged, the holders of large quantities of stock in competing companies agreed to use those shareholdings to reduce the output of US coal to increase profits at the expense of American consumers and businesses. This case is about precisely the sort of conduct, including concerted efforts to reduce output, which have long been condemned under the antitrust laws.” Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post BlackRock, State Street and Vanguard Accused by US Government of Colluding To Drive Up Energy Prices appeared first on The Daily Hodl .

Lesen Sie den Haftungsausschluss : Alle hierin bereitgestellten Inhalte unserer Website, Hyperlinks, zugehörige Anwendungen, Foren, Blogs, Social-Media-Konten und andere Plattformen („Website“) dienen ausschließlich Ihrer allgemeinen Information und werden aus Quellen Dritter bezogen. Wir geben keinerlei Garantien in Bezug auf unseren Inhalt, einschließlich, aber nicht beschränkt auf Genauigkeit und Aktualität. Kein Teil der Inhalte, die wir zur Verfügung stellen, stellt Finanzberatung, Rechtsberatung oder eine andere Form der Beratung dar, die für Ihr spezifisches Vertrauen zu irgendeinem Zweck bestimmt ist. Die Verwendung oder das Vertrauen in unsere Inhalte erfolgt ausschließlich auf eigenes Risiko und Ermessen. Sie sollten Ihre eigenen Untersuchungen durchführen, unsere Inhalte prüfen, analysieren und überprüfen, bevor Sie sich darauf verlassen. Der Handel ist eine sehr riskante Aktivität, die zu erheblichen Verlusten führen kann. Konsultieren Sie daher Ihren Finanzberater, bevor Sie eine Entscheidung treffen. Kein Inhalt unserer Website ist als Aufforderung oder Angebot zu verstehen