Apollo Global Management Settles Supervisory and Disclosure Failure Charges for $52.7M

阿波罗全球管理公司（APO）已同意提出5270万美元的指控，该公司指控该公司误导了基金投资者有关费用和贷款协议，并且未能监督高级合伙人。与美国证券交易委员会达成了和解，该委员会在调查过程中发现，阿波罗顾问没有充分披露他bob200体育们获得的福利。这最终损害了基金投资者。

Four private equity fund advisors will be paying part of the settlement include:

·阿波罗管理V，LP

· Apollo Commodities Management, LP

· Apollo Management VI, LP

· Apollo Management VII LP

The SEC determined that Apollo Advisers accelerated future monitoring fee payments that the funds’ portfolio companies owed when the companies were sold or went into IPO. These lump sum payments that went to the advisers lowered the value of the portfolio companies before the IPO or sale, which reduced how much was distributed to fund investors.

The Commission said that an Apollo adviser did not disclose information about interest payments that were made on a loan between five funds and the affiliated general partner of the adviser. The loan was supposed to defer taxes on interest that had been carried and owed to the partner.

Although the loan agreement mandated that the general partner pay the interest to the funds during the loan—and financial statements revealed that the interest was growing. However, the interest was instead purportedly allocated only to the general partner. As a result, financial statements included misleading disclosures.

关于监督失败，这涉及一位前高级阿波罗合作伙伴，他被抓到不适当地向阿波罗建议的资金以及投资组合公司收取个人费用。伴侣在口头上被责骂，并被告知要偿还任何不当费用。但是，直到内部揭露发现合作伙伴向客户收取更多的个人费用之前，什么也没做。伴侣从阿波罗释放。

通过解决，阿波罗并没有否认或承认SEC调查结果。但是，它已同意支付2750万美元的货币，利息270万美元，罚款1,250万美元。

Oursecurities fraud lawyersrepresent investors in recouping their losses. ContactThe SSEK Partners Grouptoday.

Read the SEC Order（PDF）