Blackstone Inc. and BlackRock Inc. are among the money managers facing scrutiny in a US regulatory crackdown on Wall Streeters’ once-prolific use of unauthorized messaging platforms.
Blackstone was contacted by the Securities and Exchange Commission in October for information on retention of electronic business communications and text messages, the firm said in a filing on Friday.
BlackRock said in a separate filing on Friday that it is responding to requests from the SEC in connection with an industry-wide investigation related to certain types of electronic communications. Both firms said they are cooperating with the SEC’s inquiries. The disclosure adds the …
Source: Blackstone and BlackRock Are Among Managers in SEC Texting Sweep
