financetom
Business
financetom
/
Business
/
More Wall Street firms settle US SEC charges over record-keeping
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
More Wall Street firms settle US SEC charges over record-keeping
Jan 13, 2025 6:36 PM

WASHINGTON (Reuters) - Wall Street firms including Blackstone, Apollo Capital Management and Carlyle have agreed to pay more than $63 million for violating U.S. Securities and Exchange Commission rules over record-keeping, the regulator said on Monday.

The investment advisers and broker-dealers also admitted they violated rules in connection with employees' use of off-channel communications platforms such as WhatsApp, the SEC said in a statement.

The funds are the latest of dozens of Wall Street firms that have paid stiff penalties over the last few years to settle related charges. The SEC's investigative sweep, launched in 2021, has been a major initiative under outgoing SEC chair Gary Gensler that has ensnared big banks and others.

As part of the settlements announced on Monday, the firms acknowledged their conduct violated record-keeping provisions, and have begun implementing improvements to their compliance policies and procedures, the SEC said.

The firms are:

* Blackstone Alternative Credit Advisors LP * Blackstone Management Partners LLC * Blackstone Real Estate Advisors LP * Kohlberg Kravis Roberts & Co. LP * Charles Schwab & Co * Apollo Capital Management LP * Carlyle Investment Management LLC * Carlyle Global Credit Investment Management LLC * AlpInvest Partners B.V. * TPG Capital Advisors LLC * Santander US Capital Markets LLC * PJT Partners LP

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Currency Exchange Int'l Made Strategic Decision to Discontinue Operations of its Subsidiary, Exchange Bank of Canada
Currency Exchange Int'l Made Strategic Decision to Discontinue Operations of its Subsidiary, Exchange Bank of Canada
Feb 19, 2025
06:06 AM EST, 02/19/2025 (MT Newswires) -- Currency Exchange International ( CURN ) .TO), which is focusing on its more profitable U.S. operations, overnight Tuesday announced its decision to cease the operations of its wholly-owned subsidiary, Exchange Bank of Canada, a federally chartered, non-deposit-taking, non-lending Canadian Schedule I bank. Following the cessation of operations, EBC intends to apply to the...
Market Chatter: US FAA Fires 400 Probationary Workers
Market Chatter: US FAA Fires 400 Probationary Workers
Feb 19, 2025
06:03 AM EST, 02/19/2025 (MT Newswires) -- The Federal Aviation Administration fired about 400 probationary workers over the weekend raising new concerns for air safety, the Wall Street Journal reported Tuesday. The impacted employees, who were on federal payrolls for less than a year, received notices saying that their further employment at the FAA is no longer in public interest...
Walmart faces some tariff challenges as Wall Street awaits record-breaking sales
Walmart faces some tariff challenges as Wall Street awaits record-breaking sales
Feb 19, 2025
* Walmart ( WMT ) annual sales seen rising 5% to record, LSEG estimates * Analysts see revenue growth slowing to 4% in current year * Great Value in-house brand sales seen hinting at tariff effects By Siddharth Cavale NEW YORK, Feb 19 (Reuters) - Penny-pinching Walmart ( WMT ) shoppers focus much more on getting the lowest prices than...
FOCUS-Next generation weight loss drugs aim to save muscle
FOCUS-Next generation weight loss drugs aim to save muscle
Feb 19, 2025
* Veru ( VERU ), Eli Lilly ( LLY ), Regeneron, among leaders in muscle-preserving drug development * FDA approval criteria for these drugs remains unclear * Doctors, analysts focused on health benefits beyond weight loss * Consulting firm forecasts annual sales of up to $5 billion for the new drugs collectively By Bhanvi Satija and Ludwig Burger Feb 19...
Copyright 2023-2026 - www.financetom.com All Rights Reserved