“We expect to be announcing a whole strategy in how are we addressing the fee issue related to these large, liquid, core types of ETFs,” Fink, who is chief executive officer of New York-based BlackRock, said today at the Barclays 2012 Global Financial Services Conference.
House bill establishing national policy would exempt companies from tougher state, local rules.
Companies argue that federal and most state exchanges havent followed the rules set out in the statute and regulations and therefore cant levy fines.
Insurer disclosed in filing that it failed to pay monthly pension benefits to some retirees.
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