(Reuters) - BlackRock Inc (NYSE:BLK) 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 (NYSE:WFC) 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.