Estimated reading time: 0 minutes, 17 seconds

BlackRock Hit with $12M Penalty

Tuesday, Apr 28 2015
Regulatory & Compliance
Written by  PFA News

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.

Read 5970 times
Rate this item
(0 votes)
More in this category: « Whistleblower to Get More Than $1.4M Reward Labor Department Opens Comment Period on Proposed Fiduciary Rule »

Visit other PMG Sites: