Defendant Name:
Apollo Capital Management, L.P.
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Apollo Global Management, LLC
SIC Code:
6282
CUSIP:
03769M10
Document Reference:
IA-6815
Document Details
Legal Case Name
In the Matter of Apollo Capital Management, 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 Apollo Capital Management, 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 personal 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:
$8,500,000.00
Shared:
