Defendant Name:
BlackRock Advisors, LLC
Defendant Type:
Subsidiary of Public Company
Document Reference:
2023-226
Document Details
Legal Case Name
In the Matter of Blackrock Advisors, LLC
Document Name
SEC Charges BlackRock with Failing to Properly Disclose Investments by Publicly Traded Fund it Advised
Document Date
24-Oct-2023
Document Format
Administrative Proceeding
Allegation Type
Investment Advisers/Investment Companies
Document Summary
On October 24, 2023, the SEC stated that: "[It] charged BlackRock Advisors,
LLC, an investment adviser, for failing to accurately describe investments in the entertainment industry that
comprised a significant portion of a publicly traded fund it advised. To settle the charges, BlackRock agreed to pay
a $2.5 million penalty."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Monetary Penalties:
Civil Penalty
Individual:
$2,500,000.00
Shared: