BlackRock exec's US$2,700 donation could cost company US$37m
Head of its iShares unit runs afoul of pay-to-play rules during presidential election
Wed, Sep 27, 2017 - 5:50 AM
Mark Wiedman's donation to John Kasich (above) during a fundraiser in 2016 inadvertently triggered SEC's anti-corruption measures.
BLACKROCK Inc faces a ban on collecting about US$37 million in fees from Ohio public sector clients after discovering that one of its top executives ran afoul of pay-to-play rules during last year's presidential campaign.