SEC monitoring Blackstone practices

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Blackstone, the world’s biggest alternative-asset manager, said U.S. regulators have inquired about the firm’s practice of collecting fees from companies it owns.

Bloomberg News reports that the Securities and Exchange Commission 'informally' asked Blackstone for information about accelerated monitoring fees it has previously charged portfolio companies, according to a regulatory filing Friday.

The firm said it expanded its disclosure of the practice after an SEC exam from 2011 to 2012, and last year stopped collecting the fees after it sells a company and limited the practice after taking companies public.

To access the complete Bloomberg News article hit the link below:

Blackstone Says SEC Asked About Monitoring Fee Practices

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