Defendant Name: Kohlberg Kravis Roberts & Co. L.P.

Defendant Type: Subsidiary of Public Company

Document Reference: 2025-6_3-22401

Document Details

Legal Case Name In the Matter of Kohlberg Kravis Roberts & Co. L.P.
Document Name Twelve Firms to Pay More Than $63 Million Combined to Settle SEC's Charges for Recordkeeping Failures
Document Date 13-Jan-2025
Document Format Administrative Proceeding
File Number 3-22401
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

Individual:     $11,000,000.00 Shared:    

Related Documents:

IA-6814 13-Jan-2025 Administrative Proceeding
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
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")."