In the Margins

Blackstone fined $39m for fee disclosures

October 8, 2015

By MarketWatch

The Securities and Exchange Commission has charged three Blackstone Group private equity fund advisers with failing to fully inform investors about revenues recorded for accelerated monitoring fees and discounts on legal fees. Blackstone will pay $39 million to settle the charges; $29 million of that will be returned to affected fund investors. Read the original story from MarketWatch