Defendant Name: Perella Weinberg Partners LP

Defendant Type: Subsidiary of Public Company
Public Company Parent: Perella Weinberg Partners
SIC Code: 9999
CUSIP: 71367G10

Initial Case Details

Legal Case Name In the Matter of Perella Weinberg Partners LP; Tudor, Pickering, Holt & Co. Securities LLC; and Perella Weinberg Partners Capital Management LP
First Document Date 29-Sep-2023
Initial Filing Format Administrative Action
File Number 3-21769
Allegation Type Broker Dealer

Violations Alleged

Other
• Failure to supervise under Section 15(b)(4)(E) Exchange Act

Resolutions

First Resolution Date 29-Sep-2023
Headline Total Penalty and Disgorgement $2,500,000

Related Documents:

34-98632 29-Sep-2023 Administrative Proceeding
Order Instituting Administrative and Cease-And-Desist Proceedings, Pursuant to Sections 15(b) and 21C of the Securities Exchange Act of 1934 and Sections 203(e) and 203(k) of the Investment Advisers Act of 1940, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
On September 29, 2023, the SEC instituted settled administrative and cease-and-desist proceedings against Perella Weinberg Partners LP, Tudor, Pickering, Holt & Co. Securities LLC, and Parella Weinberg Partners Capital Management, stating: "These proceedings arise out of Perella's identification--and self-report--of widespread and longstanding failures of certain Perella employees throughout the firms, including at senior levels, to adhere to certain of these essential requirements and Perella's own policies. Using their personal devices, these employees communicated both internally and externally by personal text messages or WhatsApp ("off-channel communications")."
2023-212_3-21769 29-Sep-2023 Press Release--Administrative Proceeding
SEC Charges 10 Firms with Widespread Recordkeeping Failures
On September 29, 2023, the SEC "announced charges against five broker-dealers, three dually registered broker-dealers and investment advisers, and two affiliated investment advisers for widespread and longstanding failures to maintain and preserve electronic communications. The firms admitted the facts set forth in their respective SEC orders and acknowledged that their conduct violated recordkeeping provisions of the federal securities laws. The firms agreed to pay combined penalties of $79 million as outlined below and have begun implementing improvements to their compliance policies and procedures to address these violations."

Other Defendants in Action:

Tudor, Pickering, Holt & Co. Securities LLC
Perella Weinberg Partners Capital Management LP