Private Equity

Private equity giants near settlements with SEC over texting violations

Blackstone, TPG and Carlyle Group disclosed they have been cooperating with the SEC

Private equity giants near settlements with SEC over texting violations
Photo: Getty Images

Some of Wall Street’s biggest private equity firms said they are negotiating settlements with the US markets regulator over their employees’ use of banned communication channels.

Blackstone, TPG and Carlyle Group disclosed in their latest quarterly filings that they have been cooperating with the US Securities and Exchange Commission’s record-keeping investigations and have begun discussions with the agency’s enforcement staff about potential resolutions. 

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