Defendant Name:
Blackrock Fund Advisors
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
BlackRock, Inc.
SIC Code:
6282
CUSIP:
09247X10
Document Reference:
IC-32613
Document Details
Legal Case Name
In the matter of Blackrock Fund Advisors
Document Name
Corrected Order Instituting Cease-and-Desist Proceedings Pursuant to Section 9(f) of the Investment Company Act of 1940, Making Findings, and Imposing a Cease-and-Desist Order
Document Date
25-Apr-2017
Document Format
Administrative Proceeding
Allegation Type
Investment Advisers/Investment Companies
Document Summary
According to the SEC: "1. From December 2010 through January 2015, BlackRock Fund Advisors ("BlackRock FA"), a registered investment adviser, caused iShares MSCI Russia Capped ETF, Inc. ("Russia Fund Company"), a registered investment company it advised, to operate in violation of Sections 22(d) and (e) of the Investment Company Act, and Rule 22c-1 thereunder. "
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Monetary Penalties:
Civil Penalty
Individual:
$1,500,000.00
Shared:
