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BlackRock Hit with $12M Penalty

Tuesday, Apr 28 2015

Regulatory & Compliance

Written by PFA News

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Hedge fund manager BlackRock Advisors will pay a $12 million penalty over charges that it failed to disclose conflicts of interest among its executives. So reports HedgeCo.Net.

BlackRock allegedly invested clients’ assets in an energy company that was founded by one of its executives, but didn’t disclose the conflict of interest.

Read the full article from HedgeCo.Net.

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