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Violation Tracker UK Individual Case

Company: Blackrock Investment Management (UK) Limited
Current Parent CompanyBlackRock
Parent at the Time of the Penalty Announcement: BlackRock
Penalty: £9,533,100
Year: 2012
Date: 11 September, 2012
Offence Group: financial offences
Offence Type: investor protection violation
Violation Description: Blackrock Investment Management paid a £9.5 million fine in settlement of a finding by the FSA that the company failed to set up trust letters to ensure client money was clearly identifiable and protected in the event of the company's insolvency.
Action Type: agency action
Settlement Type: settlement of FSA Decision
Agency: Financial Services Authority
HQ Country of Parent: United States
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: financial services
Source of Data(click here)