Defendant Name:
BlackRock, Inc.
Defendant Type:
Public Company
SIC Code:
6282
CUSIP:
09247X10
Document Reference:
34-79804
Document Details
Legal Case Name
In the Matter of BlackRock, Inc.
Document Name
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
Document Date
17-Jan-2017
Document Format
Administrative Proceeding
Allegation Type
Other
Document Summary
On January 17, 2017 the SEC instituted a settled order against BlackRock, Inc. for violating whisteblower provisions. According to the SEC: "On October 14, 2011 – after the Commission adopted Rule 21F-17 – BlackRock revised its form separation agreement to include language requiring a departing employee to waive
recovery of incentives for reporting misconduct available under, among other things, the Dodd-Frank Act in exchange for receiving monetary separation payments and other voluntarily provided consideration from BlackRock."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Other Compliance Related Undertaking
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$340,000.00
Shared: