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BlackRock Agrees With N.Y. to End Analyst Survey Program

BlackRock Inc., the world’s biggest money manager, agreed to end an analyst survey program that New York Attorney General Eric Schneiderman said could be used to execute trades based in part on nonpublic information.

BlackRock agreed to discontinue use of the program worldwide. It was developed by Scientific Active Equities, or SAE, an investment group within Barclays Global Investors, which BlackRock acquired in 2009, according to the agreement reached yesterday with Schneiderman.