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BlackRock agrees to end analyst survey program
BlackRock agrees to end analyst survey program

BlackRock Inc., the world's biggest money manager, agreed to end an analyst survey program that New York Atty. Gen. Eric Schneiderman concluded could be used to execute trades based in part on nonpublic information. BlackRock agreed to discontinue use of the analyst survey program worldwide. It was developed by Scientific Active Equities, or SAE, an investment group within Barclays Global Investors, which BlackRock acquired in 2009, according to the agreement reached with Schneiderman. The agreement comes as money managers are facing heightened scrutiny from regulators following insider-trading probes and assessments of whether their size poses systemic risk to financial markets....

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