Jan 13, 2025
More Wall Street firms settle US SEC charges over record-keeping
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.