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BlackRock Can Keep Fees From Ohio, No Exceptions

E
Entertainment (now)

1 Views • May 14, 2018

Description


BlackRock, Inc can now keep fees from the state of Ohio, even donations made for presidential elections.

This is allowed due to a recent ruling by a securities regulator.

Mark Wiedman donated $2,700 to John Kasich’s unsuccessful campaign in 2016. The money has since been returned.

But a federal securities rule doesn't allow companies’ executive officers to donate to government officials who could influence how fund managers are hired.