[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  kristen shaughnessy [@kshaughnessy2](/creator/twitter/kshaughnessy2) on x 24.3K followers Created: 2025-01-14 11:27:13 UTC A Dozen Investment Advisors and Brokerages to pay a COLLECTIVE fine of $XX Million for using encrypted messaging apps to do business How much did each advisor/firm make on the deals discussed on these apps? "Affiliates of Blackstone Inc. (BX), KKR & Co. (KKR), Apollo Global Management Inc. (APO) and Charles Schwab Corp. are among a dozen investment advisers and brokerages that will collectively pay more than $XX million for failing to track employees’ use of unauthorized communications platforms. The settlements, announced by the US Securities and Exchange Commission on Monday, extend the agency’s crackdown on Wall Streeters’ once-freewheeling use of texts and other messaging apps for business that is supposed to be monitored and archived by employers. In the latest round, nine investment advisers and three broker-dealers admitted violating record-keeping rules and vowed to improve compliance, the regulator said in a statement. Lapses involved personnel at multiple levels, including supervisors and senior managers, it said..... .....Among the largest sanctions, three Blackstone affiliates agreed to pay a total of $XX million, while a KKR unit pays $XX million, a Schwab broker-dealer $XX million and an Apollo subsidiary $XXX million. Other entities sanctioned include affiliates of Carlyle Group Inc., TPG Inc. and Banco Santander SA. PJT Partners will pay the smallest penalty of $600,000, with the agency crediting the firm for self-reporting lapses..."  XXXXXX engagements  **Related Topics** [rating agency](/topic/rating-agency) [investment](/topic/investment) [blackstone inc](/topic/blackstone-inc) [stocks financial services](/topic/stocks-financial-services) [$kkr](/topic/$kkr) [$apo](/topic/$apo) [charles schwab](/topic/charles-schwab) [blackrock](/topic/blackrock) [Post Link](https://x.com/kshaughnessy2/status/1879128129635266719)
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kristen shaughnessy @kshaughnessy2 on x 24.3K followers
Created: 2025-01-14 11:27:13 UTC
A Dozen Investment Advisors and Brokerages to pay a COLLECTIVE fine of $XX Million for using encrypted messaging apps to do business
How much did each advisor/firm make on the deals discussed on these apps?
"Affiliates of Blackstone Inc. (BX), KKR & Co. (KKR), Apollo Global Management Inc. (APO) and Charles Schwab Corp. are among a dozen investment advisers and brokerages that will collectively pay more than $XX million for failing to track employees’ use of unauthorized communications platforms.
The settlements, announced by the US Securities and Exchange Commission on Monday, extend the agency’s crackdown on Wall Streeters’ once-freewheeling use of texts and other messaging apps for business that is supposed to be monitored and archived by employers.
In the latest round, nine investment advisers and three broker-dealers admitted violating record-keeping rules and vowed to improve compliance, the regulator said in a statement. Lapses involved personnel at multiple levels, including supervisors and senior managers, it said.....
.....Among the largest sanctions, three Blackstone affiliates agreed to pay a total of $XX million, while a KKR unit pays $XX million, a Schwab broker-dealer $XX million and an Apollo subsidiary $XXX million.
Other entities sanctioned include affiliates of Carlyle Group Inc., TPG Inc. and Banco Santander SA. PJT Partners will pay the smallest penalty of $600,000, with the agency crediting the firm for self-reporting lapses..."
XXXXXX engagements
Related Topics rating agency investment blackstone inc stocks financial services $kkr $apo charles schwab blackrock