See why ACA Insight is the leading newsletter on regulatory compliance. Sign up for a free 1-week trial.

The weekly news source for investment management legal and compliance professionals

News April 27, 2015 Issue

BlackRock Conflict of Interest Case Includes First Rule 38a-1 Board Disclosure Charge

The SEC on April 20, as part of a conflict of interest administrative action, charged an advisory firm and its chief compliance officer with causing the violation of an Investment Company Act Rule 38a-1 requirement to report material compliance matters to fund boards. It hit a major bullseye the firm was BlackRock Advisors, which paid a $12 million penalty to settle the case.

Full contents of this article are only available to paid subscribers.

Subscribe to ACA Insight

Subscribe to ACA Insight and receive a time-limited $200 discount! Subscribers receive: 46 electronic issues conveniently e-mailed to your desktops each Friday; access to archives of past stories; and breaking news e-mails.

Subscribe today to the weekly news source for investment management and legal compliance professionals.

Subscriber Log In

Forgot your password? Click Here.