<p><span>The Commission’s settled enforcement action finds that Bloomberg Finance, L.P. (“Bloomberg”) violated Section 17(a)(2) of the Securities Act of 1933, which prohibits the use of materially false statements to obtain money or property in the offer or sale of securities.</span><a name="_ftnref1" href="https://www.sec.gov/news/statement/peirce-uyeda-statement-bloomberg-finance-012423#_ftn1">[1]</a><span> Because we do not believe that the particular statements at issue were made in the offer or sale of securities, we do not support bringing this action.</span></p>