SEC
Whistleblower
Attorneys

May 26, 2020

Ares Management LLC

Trading and Pricing

SANCTION AMOUNT: $1000000

Defendants: Ares Management LLC

Respondent, a private equity firm and registered investment adviser, agreed to settle charges that it failed to implement and enforce policies and procedures reasonably designed to prevent the misuse of material nonpublic information. The firm allegedly purchased 17% of a public company's shares while in possession of MNPI from its senior employee who was on the company's Board.

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