SEC
Whistleblower
Advocates

April 25, 2017

BlackRock Fund Advisors

Trading and Pricing

SANCTION AMOUNT: $1.5 million

Defendants: BlackRock Fund Advisors

The SEC found that respondent, a registered investment adviser, caused an affiliate investment company to violate the Investment Company Act. Respondent allegedly used the investment company to launch an ETF invested in Russian securities prior to when it gained the exemptive relief needed to trade (since such trades may not be the same as the net asset value of the shares).

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