Defendant Name:
Ares Management LLC
Defendant Type:
Subsidiary of Public Company
Document Reference:
2020-123
Document Details
Legal Case Name
In the Matter of Ares Management LLC
Document Name
Private Equity Firm Ares Management LLC Charged With Compliance Failures
Document Date
26-May-2020
Document Format
Administrative Proceeding
Allegation Type
Investment Advisers/Investment Companies
Document Summary
The SEC stated that: "Ares Management LLC, a Los Angeles-based private equity firm and registered investment adviser, has agreed to pay one million dollars to settle charges that it failed to implement and enforce policies and procedures reasonably designed to prevent the misuse of material nonpublic information."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Monetary Penalties:
Civil Penalty
Individual:
$1,000,000.00
Shared: