Louisiana says the asset manager's views on ESG hurt the state's energy industry.
The city's comptroller said he's concerned BlackRock is backtracking on its commitment to reducing carbon emissions.
T. Rowe's shares have tumbled more than 40% this year.
The investment giant said a provision on ESG disclosures could mislead investors.
The SEC's investigation delves into whether asset managers are making the proper disclosures to investors.
Wall Street's biggest players are deepening their involvement in the crypto industry.
The partnership means to make it easier for institutional investors to hold and trade bitcoin.
The latest iteration of the fund held an $8.3 million stake in Exxon Mobil at the end of June.
BlackRock's assets under management totaled $8.5 trillion on June 30, the lowest in almost two years.
Net inflows into the firm's core investment products were $40 billion less than analysts expected.
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