SEC fines Black Rock Investment for Conflict of Interest with Daniel Rice

Apparently the SEC is scrutinizing conflict of interest situations.    Article written by a Reuters reporter appeared in Pittsburgh Post Gazette   4/23/15.

Views: 477

▶ Reply to This

Replies to This Discussion

Permalink Reply by Dexter Green on April 24, 2015 at 10:45am

$12,000,000 fine...that's funny.  That's like a speeding ticket for the rest of us.

Permalink Reply by Tim Tarr on April 24, 2015 at 1:18pm

     " Failed to disclose the conflict to the boards of the BlackRock funds and Investors"

So how much of that $12mm will go to the "fund and Investors".  I'll bet investors are paying the fine !!!!

Permalink Reply by Dexter Green on April 24, 2015 at 6:03pm

Kind of like when JPM settles with the DOJ and pays them billions of shareholder's money, a tiny fraction of which eventually makes it back to the alleged victims of mortgage fraud.

RSS

© 2024   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service