WASHINGTON, June 27 Asset manager BlackRock
disclosed on Friday that it may be facing possible civil
charges by U.S. securities regulators over disclosures tied to a
former portfolio manager whose personal investments raised the
perception of a possible conflict.
In a regulatory filing, BlackRock said its BlackRock
Advisors LLC unit had received a "Wells Notice" from the U.S.
Securities and Exchange Commission, indicating the SEC is
leaning toward possibly filing an enforcement action.
The company said no clients were harmed, that no improper
trading occurred and that no securities laws were broken.
(Reporting by Sarah N. Lynch; Editing by Sandra Maler)