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BlackRock agrees to pay $12m to settle SEC charge

SEC Building

The Securities and Exchange Commission has charged BlackRock Advisors with breaching its fiduciary duty by failing to disclose a conflict of interest created by the outside business activity of a top-performing portfolio manager.

Ex-Goldman programmer will face jury

American courtroom

The criminal case against Sergey Aleynikov — the former Goldman Sachs programmer who was convicted in federal court, then acquitted, only to be charged again in state court — will soon head to a jury after Aleynikov’s last-ditch effort to toss out the case came up short.

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GE unveils financial unit restructuring

GE, in a move to become a pure play industrial company, is exiting the financial services business by selling the bulk of the assets contained in its GE Capital unit and returning most of the proceeds from that disposition to shareholders in the form of a $50 billion share buyback.