FSA fines BlackRock Investment Management (UK) £9.5m for client money breaches

Tuesday, 11 September 2012
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The Financial Services Authority has fined BlackRock Investment Management (UK) Limited (BIM) £9.53m for failing to protect client money adequately by not putting trust letters in place for certain money market deposits and for failing to take reasonable care to organise and control its affairs responsibly in relation to the identification and protection of client money. Read more...
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