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BlackRock's Data Leak Strikes 20,000 Advisers

  • Asset manager inadvertently exposed names, email addresses
  • Firm acknowledges ‘seriousness’ and ‘deeply regrets’ error
BlackRock Inc. Headquarters Ahead Of Earning Figures
Photographer: Gabriella Angotti-Jones/Bloomberg
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A data leak revealed last week at BlackRock Inc. exposed names, email addresses and other information of about 20,000 advisers who are clients of the asset manager, including 12,000 at LPL Financial, the largest U.S. independent broker dealer.

“BlackRock inadvertently posted a small number of sales-related documents, which were up for a short period of time, and promptly removed,” the company said Monday in an emailed statement. “The information related to a very limited number of wealth management platforms impacting approximately 20,000 independent advisers in the U.S.”