Charles Schwab, KKR, Blackstone, Apollo and Carlyle are among a group of investment advisory and brokerage firms that were caught letting their employees use off-channel communications like What ...

On January 13, 2025, the U.S. Securities and Exchange Commission (the “SEC”) announced settled charges against twelve firms for recordkeeping ...

Twelve more firms have been dinged with fines by the Securities and Exchange Commission for failing to properly supervise employees who used off-channel communications to conduct company business. In ...

On January 13, 2025, one week before Chair Gary Gensler is expected to step down as Chair, the Securities and Exchange Commission (“SEC”) ...

Each of the SEC’s investigations uncovered the use of unapproved communication methods, known as off-channel communications, at these firms. As described in the SEC’s orders, the firms admitted that, ...

The SEC cracked down further on firms accused of allowing illegal "off channel" communications with tens of millions in fines for Blackstone, Charles Schwab, KKR and other prominent names.