Defendant Name: Blackstone Alternative Credit Advisors LP

Defendant Type: Subsidiary of Public Company

Document Reference: 2025-6_3-22399

Document Details

Legal Case Name In the Matter of Blackstone Alternative Credit Advisors LP, Blackstone Management Partners L.L.C., and Blackstone Real Estate Advisors L.P.
Document Name Twelve Firms to Pay More Than $63 Million Combined to Settle SEC's Charges for Recordkeeping Failures; One Firm Received Credit for Self-Reporting and Will Pay a Reduced Civil Penalty
Document Date 13-Jan-2025
Document Format Administrative Proceeding
File Number 3-22399
Allegation Type Investment Advisers/Investment Companies
Document Summary On January 13, 2025, the SEC "announced charges against nine investment advisers and three broker-dealers for failures by the firms and their personnel to maintain and preserve electronic communications, in violation of recordkeeping provisions of the federal securities laws."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Censured
Monetary Penalties:

Civil Penalty

(Penalty was noted in document, but no amount was listed)

Related Documents:

IA-6812 13-Jan-2025 Administrative Proceeding
Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to 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 January 13, 2025, the SEC instituted settled administrative and cease-and-desist proceedings against Blackstone Alternative Credit Advisors LP, stating: "These proceedings arise out of the failure of Respondents' personnel, including at senior levels, to adhere to certain of these essential requirements and Respondents' policies and procedures. Using their personal and/or firm-issued devices ("Mobile Devices"), these personnel communicated both internally and externally by text messages and/or other unapproved written communications platforms ("off-channel communications")."