Feb 24 (Reuters) - BlackRock Inc said it was
cooperating with a U.S. Securities and Exchange Commission
investigation into record keeping of electronic communications
of its investment advisers, according to a filing on Friday.
The asset manager is the latest in a list of financial firms
under the regulator's scrutiny. Earlier this week, Wells Fargo said U.S. regulators were investigating the bank's
retention of employee communications over "unapproved" messaging
tools.
The SEC and the Commodity Futures Trading Commission (CFTC)
fined 16 financial firms last year, a combined $1.8 billion
after it was found that their employees had discussed deals on
personal devices and apps.
(Reporting by Anirban Chakroborti in Bengaluru)
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