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Disclosure Failures to Cost Blackstone Group $39 Million

October 19, 2015 by Eugene Grygo

Three private equity fund advisers within The Blackstone Group will be paying nearly $39 million to settle SEC charges that they failed to tell investors about the financial benefits accrued from accelerated monitoring fees and discounts on legal fees, according to the SEC. Approximately $29 million of the settlement is slated to be distributed to… Read More >>

Filed Under: General Interest, AML/Fraud/Financial Crime, Regulation & Compliance, Industry News Tagged With: Blacktone, fines, KKR, Kohlberg Kravis Roberts & Co., monitoring fees, SEC

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