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SEC hits Ares Management with $1m fine over compliance failures

The SEC’s order alleges that in 2016, Ares invested several hundred million dollars of debt and equity in a publicly traded U.S. company, which the SEC didn’t name

Ares Management has agreed to pay $1m to settle allegations that it bought stock in one of its portfolio companies while an Ares employee sat on that company’s board and had access to inside information.

The Securities and Exchange Commission announced the settlement on 26 May, saying the stock purchases violated the private-equity firm’s compliance policies.

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