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PE firms disclose settlement discussions for off-channel comms lapses

Image of a group of mobile phones in people's hands.
Photo: Ian Gavan/Getty Images for Deutsche Telekom

Julie DiMauro

2 min read
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Three of Wall Street’s biggest PE firms are negotiating settlements with the SEC over their employees’ use of banned communication channels.

The WSJ reported that Blackstone, TPG and Carlyle Group have disclosed in their latest quarterly filings that they have been cooperating with the SEC in its recordkeeping investigations and have begun discussions with the agency’s enforcement staff about potential resolutions. 

The three firms first disclosed the probes

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