Basic Information & Regulation of Blackrock
Blackrock was founded in 1988 by eight people, and in 1999, Blackrock recognized the opportunity to bring transparency, scale, and innovation to risk management across the industry and began selling its proprietary technology, Aladdin. In October of the same year, Blackrock made its initial public offering on the New York Stock Exchange, and by the end of the year, the firm had $165 billion in assets under management. In 2006, Blackrock acquired Merrill Lynch Investment Management to expand its retail and international operations. In 2012, Blackrock launched iShares Core to provide investors with a broad base of equity and bond market investments in a low-cost and tax-efficient manner. In 2019, Blackrock launched Blackrock Retirement Solutions Group, which manages two-thirds of its assets related to retirement. Blackrock currently holds a retail foreign exchange license from the Monetary Authority of Singapore, an investment advisory license from ASIC in Australia (license #230523), and an investment advisory license from the FCA in the United Kingdom (license #178638).
Security Analysis of Blackrock
Two of the three regulatory licenses held by Blackrock are over-licensed to operate among its three licenses. Moreover, Blackrock, a broker, has been exposed to a number of news about the inability to withdraw funds and customers being scammed, so traders should use this broker platform with caution.
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