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US SEC says 12 firms to settle record keeping failure charges for $63 million combined
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US SEC says 12 firms to settle record keeping failure charges for $63 million combined
Jan 13, 2025 2:13 PM

WASHINGTON, Jan 13 (Reuters) - The U.S. Securities and

Exchange Commission said on Monday that nine investment advisers

and three broker dealers agreed to pay more than $63 million

combined to settle the SEC's charges for record keeping

failures.

As part of the settlement, the firms admitted the facts in

their respective SEC orders, acknowledged their conduct violated

record keeping provisions, and have begun implementing

improvements to their compliance policies and procedures, the

SEC said in a statement.

The 12 firms are:

* Blackstone Alternative Credit Advisors LP

* Blackstone Management Partners LLC

* Blackstone Real Estate Advisors LP

* Kohlberg Kravis Roberts & Co. LP

* Charles Schwab ( SCHW ) & 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

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