SEC Takes a Stand: Blackstone, KKR, Apollo and Others Fined in Texting Crackdown

In a significant development in the investment management sector, the U.S. Securities and Exchange Commission (SEC) announced hefty fines against several major private equity firms, including Blackstone, KKR, and Apollo Global Management, for violating record-keeping regulations. This enforcement action is part of a broader effort by the SEC to address communication practices that do not align with regulatory standards.

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