BlackRock's Two Major ESG Exchange Traded Funds Have an SEC Problem

Also, hedge fund trade group backs activist in closely watched lawsuit; Tim Scott unveils his Senate Banking priorities

BlackRock has been taking a lot of heat lately from Republicans who accuse the firm of using its clout as the world’s biggest asset manager to push a leftist agenda on corporate America. Much of that centers on ESG — environmental, social and governance — investing. While that is sort of a buzzword that nobody can really define, using the ESG moniker ha…