August 24, 2016 BY Valentina Kirilova

SEC charges Apollo Global Management with disclosure and supervisory failures

The Securities and Exchange Commission (SEC) has announced that four private equity fund advisers affiliated with Apollo Global Management have agreed to a $52.7 million settlement for misleading fund investors about fees and a loan agreement and failing to supervise a senior partner who charged personal expenses to the funds. An SEC investigation found that the Apollo…

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