Stock Market News

More Wall Street firms settle US SEC charges over record-keeping

2025.01.13 18:16

WASHINGTON (Reuters) – Wall Street firms including Blackstone (NYSE:), 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.

© Reuters. FILE PHOTO: Signage is seen at the Blackstone Group headquarters in New York City, U.S., January 18, 2023. REUTERS/Jeenah Moon/File photo

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 Advisors LP * Kohlberg Kravis Roberts & Co. LP * Charles Schwab (NYSE:) & Co * Apollo Capital Management LP * Carlyle Investment Management LLC * Carlyle Global Credit Investment Management LLC * AlpInvest Partners B.V. * TPG Capital Advisors LLC * Santander (BME:) US Capital Markets LLC * PJT Partners (NYSE:) LP



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 84,377.61 0.00%
ethereum
Ethereum (ETH) $ 1,976.08 0.07%
tether
Tether (USDT) $ 0.999881 0.01%
xrp
XRP (XRP) $ 2.40 1.51%
bnb
BNB (BNB) $ 635.60 0.72%
solana
Solana (SOL) $ 129.32 1.30%
usd-coin
USDC (USDC) $ 1.00 0.01%
cardano
Cardano (ADA) $ 0.712594 0.82%
dogecoin
Dogecoin (DOGE) $ 0.169117 0.00%
tron
TRON (TRX) $ 0.234381 0.60%
staked-ether
Lido Staked Ether (STETH) $ 1,975.38 0.09%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 84,303.59 0.08%
leo-token
LEO Token (LEO) $ 9.77 0.21%
chainlink
Chainlink (LINK) $ 14.10 0.68%
the-open-network
Toncoin (TON) $ 3.60 2.43%
stellar
Stellar (XLM) $ 0.279224 0.97%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,367.89 0.03%
usds
USDS (USDS) $ 1.00 0.05%
avalanche-2
Avalanche (AVAX) $ 19.28 2.98%
hedera-hashgraph
Hedera (HBAR) $ 0.1865 1.87%
shiba-inu
Shiba Inu (SHIB) $ 0.000013 1.56%
sui
Sui (SUI) $ 2.28 3.58%
litecoin
Litecoin (LTC) $ 92.26 0.82%
polkadot
Polkadot (DOT) $ 4.55 4.40%
pi-network
Pi Network (PI) $ 0.997732 8.18%
bitcoin-cash
Bitcoin Cash (BCH) $ 328.05 1.95%
mantra-dao
MANTRA (OM) $ 6.28 5.46%
weth
WETH (WETH) $ 1,976.63 0.01%
bitget-token
Bitget Token (BGB) $ 4.66 0.86%
ethena-usde
Ethena USDe (USDE) $ 0.999257 0.08%
hyperliquid
Hyperliquid (HYPE) $ 15.54 8.48%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.05%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,101.60 0.03%
whitebit
WhiteBIT Coin (WBT) $ 28.56 0.02%
uniswap
Uniswap (UNI) $ 6.79 1.30%
monero
Monero (XMR) $ 213.87 1.92%
aptos
Aptos (APT) $ 5.67 0.96%
susds
sUSDS (SUSDS) $ 1.04 0.06%
near
NEAR Protocol (NEAR) $ 2.75 0.40%
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.16 0.04%
dai
Dai (DAI) $ 0.999723 0.02%
okb
OKB (OKB) $ 52.38 1.52%
pepe
Pepe (PEPE) $ 0.000007 3.62%
gatechain-token
Gate (GT) $ 22.83 0.49%
internet-computer
Internet Computer (ICP) $ 5.72 0.26%
aave
Aave (AAVE) $ 179.41 1.56%
ethereum-classic
Ethereum Classic (ETC) $ 17.74 0.50%
ondo-finance
Ondo (ONDO) $ 0.833545 1.58%
tokenize-xchange
Tokenize Xchange (TKX) $ 32.97 2.78%
mantle
Mantle (MNT) $ 0.782405 0.49%