Defendant Name:
Blackstone Real Estate Advisors L.P.
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Blackstone Inc.
SIC Code:
6282
CUSIP:
09260D10
Document Reference:
IA-6812
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
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
Document Date
13-Jan-2025
Document Format
Administrative Proceeding
Allegation Type
Investment Advisers/Investment Companies
Document Summary
On January 13, 2025, the SEC instituted settled administrative and cease-and-desist proceedings against Blackstone Real Estate Advisors L.P., 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")."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Other Compliance Related Undertaking
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$4,000,000.00
Shared:
Other Defendants in Action:
