Defendant Name:
Kohlberg Kravis Roberts & Co. L.P.
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
KKR & Co. L.P.
SIC Code:
5611
CUSIP:
48251W10
Document Reference:
IA-6814
Document Details
Legal Case Name
In the Matter of Kohlberg Kravis Roberts & Co. L.P.
Document Name
Order Instituting Administrative 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 Kohlberg Kravis Roberts & Co. L.P., stating: "These proceedings arise out of the failure of Respondent's personnel, including at senior levels, to adhere to certain [recordkeeping requirements on registered investment advisers] and the Respondent's policies and procedures. Using their electronic 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:
$11,000,000.00
Shared:
