Private-Equity Giants Near Settlements With SEC Over Texting Violations – WSJ

Some of Wall Street’s biggest private-equity firms said they are negotiating settlements with the U.S. 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 U.S. Securities and Exchange Commission’s record-keeping investigations and have begun discussions with the agency’s enforcement staff about potential resolutions.

Source: Private-Equity Giants Near Settlements With SEC Over Texting Violations – WSJ