Twelve Firms to Pay More Than $63 Million Combined to Settle …

1 day ago · Blackstone Alternative Credit Advisors LP, together with Blackstone Management Partners L.L.C. and Blackstone Real Estate Advisors L.P., agreed to pay a combined $12 …

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Twelve Firms To Pay More Than $63 Million Combined To Settle …

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1 day ago · Blackstone Alternative Credit Advisors LP, together with Blackstone Management Partners L.L.C. and Blackstone Real Estate Advisors L.P., agreed to pay a combined $12 …

sec.gov

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SEC Fines Firms $63M In Latest Effort To Stop Off-channel ...

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1 day ago · SEC fines firms $63M in latest effort to stop off-channel communications ... KKR, Blackstone, Apollo and Carlyle are among a group of investment advisory and brokerage firms …

legaldive.com

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Schwab, Blackstone Among Firms Fined In SEC Communications …

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The individual penalties ranged from $12 million to $600,000, the latter substantially lower than the other fines because the firm in question, PJT Partners, came forward and self-reported its ...

msn.com

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Schwab, 11 Other Firms To Pay $63M In SEC Texting Crackdown

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1 day ago · Personnel at multiple levels used personal devices to communicate internally and externally by text messages, the SEC said. Schwab, 11 Other Firms to Pay $63M in SEC …

thinkadvisor.com

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The Text Message Mistake That Cost Wall Street Giants $63 Million

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1 day ago · It marks another significant enforcement action in the regulator's ongoing crackdown on Wall Street's communication practices. SEC Imposes $63 Million in Fines on Wall Street …

financemagnates.com

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Schwab, 11 Other Firms Paying $63M To Settle SEC Texting …

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1 day ago · Twelve firms, including Blackstone, Charles Schwab and Apollo Capital Management, will pay a combined $63.1 million to settle SEC charges they failed to keep records of …

wealthmanagement.com

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Robinhood To Pay Biggest Fine Among More Than $100mn …

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1 day ago · Apollo, KKR and TPG declined to comment. Blackstone, Charles Schwab and Santander said they were “pleased” to have resolved the matter. The other groups did not …

ft.com

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Blackstone, KKR Among 12 Firms To Pay $63 Million To SEC After ...

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1 day ago · A dozen financial firms, including industry leaders Blackstone Inc. BX and KKR & Co Inc KKR, have reached a settlement with the Securities and Exchange Commission (SEC) …

benzinga.com

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Private-Equity Giants Near Settlements With SEC Over Texting …

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The SEC since December 2021 has filed charges against 60 firms and imposed more than $1.7 billion in fines for failing to maintain and preserve electronic communication, a senior …

msn.com

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SEC Fines Blackstone, KKR, Apollo, Others In Texting Crackdown

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20 hours ago · Among the largest sanctions, three Blackstone affiliates agreed to pay a total of $12 million, while a KKR unit pays $11 million, a Schwab broker-dealer $10 million and an …

pionline.com

FAQs about Twelve Firms to Pay More Than $63 Million Combined to Settle … Coupon?

Is the SEC probing KKR & Blackstone?

The sources spoke on the condition of anonymity because SEC investigations are confidential. At least 16 firms including Carlyle, Apollo, KKR, TPG, and Blackstone, have disclosed that the SEC is probing their communications. The firms did not provide further details and did not comment for this story. A spokesperson for Citadel declined to comment. ...

Which Blackstone firms have been fined the most for wrongdoing?

Each of the firms cited in the most recent enforcement actions admitted wrongdoing in settling the allegations. The SEC levied the largest fine on three Blackstone entities: Blackstone Alternative Credit Advisors, Blackstone Management Partners, and Blackstone Real Estate Advisors. ...

How much did Blackstone pay KKR?

Three Blackstone units collectively agreed to pay the largest penalty of $12mn, followed by KKR at $11mn. Charles Schwab agreed to a sum of $10mn, while Apollo Capital Management, a collection of three Carlyle Group divisions and TPG Capital Advisors each separately agreed to pay $8.5mn. ...

Why did the SEC impose a fine on Blackstone advisors?

The SEC levied the largest fine on three Blackstone entities: Blackstone Alternative Credit Advisors, Blackstone Management Partners, and Blackstone Real Estate Advisors. The SEC found that Blackstone advisors sent numerous messages on unapproved platforms relating to client advice, the “substantial majority” of which weren’t preserved. ...

Why did KKR pay a $10 million fine?

KKR declined to comment on the settlement. Schwab was hit with the third-largest fine at $10 million, which stemmed from text messages that went unrecorded as well as the use of unapproved messaging apps such as LinkedIn and Facebook Messenger. ...

Why did the SEC pay 63mn for unofficial messaging?

The SEC on Monday also announced that 12 investment advisers and broker dealers agreed to pay more than $63mn to settle charges of record-keeping violations stemming from the use of unofficial messaging systems. The move marks the SEC’s latest crackdown on Wall Street for messaging malpractice under chair Gary Gensler. ...