LOGIN
Subscribe

BlackRock to pay $12 million to settle SEC conflict of interest claims

Regulator alleges former portfolio manager put client money in a BlackRock fund that invested in a company he founded.

The SEC charged BlackRock subsidiary BlackRock Advisors on Monday with failing to disclose a conflict of interest created by the outside business activity of one of the firm's former portfolio managers.

According to the SEC's order, BlackRock agreed to be censured, settle the charges and pay a $12

Subscribe or log in to read the rest of this content.

Learn more about reprints and licensing for this article.

Recent Articles by Author

Alternatives in target-date funds can increase retirement income, lower risk: report

Alternatives in target-date funds can increase retirement income, lower risk: report

Georgetown report also notes diversification of TDFs requires education for participants and oversight by plan sponsors.

Neuberger Berman launches specialty finance group

Neuberger Berman launches specialty finance group

Investment management firm names Peter Sterling to head the new group.

New York state creates voluntary retirement savings program

New York state creates voluntary retirement savings program

Program targets private-sector workers who don't have access to a retirement savings plan.

Managers allocate less to global equities, more to bonds

Managers allocate less to global equities, more to bonds

Large majority of investors now believe the global economy is in 'late cycle,' BofA survey finds.

BlackRock’s Larry Fink: Money managers must help companies focus on long-term thinking

BlackRock’s Larry Fink: Money managers must help companies focus on long-term thinking

Geopolitical uncertainty, created in part by Brexit and the U.S. presidential race, is leading to “intense short-termism,” he says.

Latest news

Investors are impatient, they want big earnings

Investors are impatient, they want big earnings

‘I want to be a catalyst for change’

High school financial literacy education now mandatory in Oklahoma

Carson expands East Coast presence with three new locations

Do private debt fund returns offset their risks?

Tragedy at BofA as 25-year-old trader dies at industry event

Finra dings small Calif. B-D over Reg BI, missing red flags

Does the Dow hitting 40k matter?

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print

Subscribe

Get unlimited access to InvestmentNews

Subscribe for just
$19.99 per month.

Subscribe