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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.

Washington

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.

Mark Wiedman, the head of BlackRock's iShares...

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