BlackRock Can Keep Fees From Ohio, No Exceptions
  • 6 years ago

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.
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