A former BlackRock portfolio manager has paid $250,000 to settle claims that he failed to disclose that a film company in which one of the asset-manager’s funds invested had helped his daughter land a small acting role.
The Securities and Exchange Commission alleged that while working at the world’s largest money manager, Randy Robertson asked BlackRock client Aviron Pictures — which distributed movies featuring Hollywood stars such as Keanu Reeves and Anne Hathaway — to “help his daughter’s career”.
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