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SEC Probe Spurs Firm to Revamp MNPI Policies

June 5, 2020 by Eugene Grygo

SEC Probe Spurs Firm to Revamp MNPI Policies

Private equity firm Ares Management is settling with the SEC over charges that it lacked proper policies and procedures to oversee the handling of “material nonpublic information [MNPI],” a.k.a. insider information, according to the regulator’s order. The case revolves around the firm’s  representation on a board of directors “of a listed issuer” in the Ares investment… Read More >>

Filed Under: Securities Operations, Buy-Side, Case Studies, Corporate Actions, Data Management, Industry News, Middle-Office, Operational Risk, Ops Automation, Risk Management, Governance, Diversity, Equity, and Inclusion (DEI), Back-Office, Standards, Performance Measurement, KYC, AML/Fraud/Financial Crime, Regulation & Compliance, Regulatory Reporting Tagged With: alternatives, Ares Management, civil penalties, compliance, corporate governance, fines, insider information, MNPI, operational risk, private equity, regulation, RIA, SEC

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