Financial Crime Financial Crime

Private equity firm agrees to $1 million settlement over compliance failures

By Richard Vanderford
  • 26 May 2020 17:27
  • 26 May 2020 17:27
Ares Management, a Los Angeles-based private equity firm, has agreed to pay $1 million to settle a Securities and Exchange Commission action over compliance failures related to insider information about a company in which it had invested.

Ares, which manages about $150 billion in assets, failed to set up procedures around the flow

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