Defendant Name:
Perella Weinberg Partners LP
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Perella Weinberg Partners
SIC Code:
9999
CUSIP:
71367G10
Document Reference:
34-98632
Document Details
Legal Case Name
In the Matter of Perella Weinberg Partners LP; Tudor, Pickering, Holt & Co. Securities LLC; and Parella Weinberg Partners Capital Management
Document Name
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
Document Date
29-Sep-2023
Document Format
Administrative Proceeding
Allegation Type
Broker Dealer
Document Summary
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")."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Compliance Related Independent Consultant
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Self Reporting to SEC
Monetary Penalties:
Civil Penalty
Individual:
Shared:
$2,500,000.00
Shared with: Tudor, Pickering, Holt & Co. Securities LLC; Perella Weinberg Partners Capital Management
Other Defendants in Action: