Defendant Name: PJT Partners LP

Defendant Type: Subsidiary of Public Company

Document Reference: 2025-6_3-22404

Document Details

Legal Case Name In the Matter of PJT Partners LP
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 3-22404
Allegation Type Broker Dealer
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
Self Reporting to SEC
Monetary Penalties:

Civil Penalty

Individual:     $600,000.00 Shared:    

Related Documents:

34-102167 13-Jan-2025 Administrative Proceeding
Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Sections 15(b) and 21C of the Securities Exchange Act of 1934, 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 PJT Partners LP, stating: "These proceedings arise out of PJT Partners’ self-report of failures of employees across the firm, including at senior levels, to adhere to certain of these essential requirements and the firm’s own policies and procedures. Using their personal devices, these employees communicated both internally and externally by personal text messages or other text messaging platforms such as WhatsApp (“off-channel communications”)."