A dozen financial firms, including industry leaders Blackstone Inc. (NYSE:BX) and KKR & Co Inc (NYSE:KKR), have reached a settlement with the Securities and Exchange Commission (SEC) over recordkeeping violations. The settlement, totaling $63.1 million, addresses allegations of improper communication practices. What Happened: The SEC accused these firms of utilizing unauthorized communication methods, referred to as off-channel communications, t…

Benzinga

New York

United States

Blackstone, KKR Among 12 Firms To Pay $63 Million To SEC After Recordkeeping Violations - KKR (NYSE:KKR), Blackstone (NYSE:BX)

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Media Bias/Fact Check

Santander US Capital Markets, the investment banking subsidiary of Banco Santander in the United States, is in the group of the last entities fined by the Securities and Exchange Commission (the SEC) for the misuse of courier applications such as Whatsapp among its bankers to deal with business. The supervisor has imposed a fine of four million dollars (3.9 million euros), the second lowest of those announced this Monday. At the graduation of th…

Santander US Capital Markets, la filial de banca de inversión del Banco Santander en Estados Unidos, está en el grupo de las últimas entidades multadas por la Comisión de Valores y Bolsa (la SEC) por el uso indebido de aplicaciones de mensajería como Whatsapp entre sus banqueros para tratar negocios. El supervisor le ha impuesto una multa de cuatro millones de dólares (3,9 millones de euros), la segunda más baja de las que ha anunciado este lune…

La SEC multa con cuatro millones al Santander por el uso indebido de Whatsapp por sus banqueros

El Pais

PRISA

Spain

The SEC fine of four million to Santander for the misuse of Whatsapp by its bankers

Financial institutions must store their communications. Some employees circumvent this. Eight financial institutions pay a fine of 63 million US dollars.

Geldinstitute müssen ihre Kommunikation speichern. Manche Mitarbeiter unterlaufen das. Acht Geldinstitute zahlen 63 Millionen US-Dollar Strafe.

Investmentfirmen zahlen Millionenstrafe für Whatsapp-Einsatz

Heise

Germany

Investment firms pay millions in fines for using WhatsApp

WASHINGTON (Reuters) – The U.S. Department of Justice on Tuesday said it had filed a civil lawsuit against KKR & Co Inc “for repeatedly flouting the premerger antitrust review process,” alleging that the company had “evaded antitrust scrutiny for at least 16 separate transactions” from 2021 to 2022. (Reporting by Susan Heavey; Editing by Doina Chiacu) The post US sues KKR for allegedly avoiding antitrust scruitiny appeared first on Blue Water He…

Blue Water Healthy Living

Port Huron

St. Clair County

Michigan

US sues KKR for allegedly avoiding antitrust scrutiny - Blue Water Healthy Living

AFFILIATES of Blackstone, KKR, Apollo Global Management and Charles Schwab are among a dozen investment advisers and brokerages that will collectively pay more than US$63 million for failing to track employees’ use of unauthorised communications platforms.

Business Times

US SEC fines Blackstone, KKR, Apollo, others in texting crackdown

The SEC nets Charles Schwab, Blackstone, Apollo, KKR and other prominent firms in its latest settlement over illegal off-channel communications and recordkeeping violations.

Financial Planning

Schwab, Blackstone, KKR hit by SEC off-channel crackdown

The latest penalties were imposed on units of Robinhood, Blackstone, Apollo, KKR, Charles Schwab, Santander and others. 		
			
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Regulation Asia

US SEC Fines 13 More Firms for Record-keeping Violations

Apollo Global Management, the group of investors seeking to enter the MX League, agreed to pay a $8.5 million fine to the U.S. Securities and Exchange Commission (SEC) for charges of violation of federal securities law record keeping provisions. According to an institution report, the charges affect a total of nine investment advisors and three brokers “for failures of companies and their staff to maintain and preserve electronic communications,…

Apollo Global Management, el grupo de inversionistas que busca incursionar en la Liga MX, acordó pagar una multa de 8.5 millones de dólares a la Comisión de Bolsa y Valores (SEC, por sus siglas en inglés) de Estados Unidos por cargos de violación a las disposiciones de mantenimiento de registros de las leyes federales de valores.  De acuerdo con un informe de la institución, los cargos afectan en total a nueve asesores de inversiones y tres corr…

Apollo, el fondo que busca invertir en la Liga MX, es multado en EU

El CEO

Apollo, the fund that seeks to invest in the MX League, is fined in the US

The regulator found firm employees were using unapproved texting apps for business and failing to archive the communications. It follows earlier settlements made with large firms like Bank of America, Morgan Stanley, LPL and Raymond James.

wealthmanagement.com

Schwab, Blackstone Among Firms Paying $63M To Settle SEC Texting

A dozen prominent investment firms will pay more than $63 million in settlements for failing to properly record employees’ business-related messages on unofficial platforms. Key Facts: 
The US Securities and Exchange Commission (SEC) announced settlements with 12 investment advisers and broker-dealers. Firms such as Blackstone, KKR, Apollo Global, and Charles Schwab are involved. Blackstone affiliates agreed to pay $12 million, KKR $11 million, …

Blackstone, KKR Among 12 Firms To Pay $63 Million To SEC After Recordkeeping Violations - KKR (NYSE:KKR), Blackstone (NYSE:BX)

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