Ares Management controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2020
Ares agrees to $1 million SEC settlement
Settlement
Ares agreed to pay $1 million to settle SEC charges related to compliance failures in documenting inquiries about material nonpublic information. The SEC said the firm violated compliance policies; Ares neither admitted nor denied the findings.
Company response
Remediation — Ares Management
We have significantly enhanced our controls since then.
Source excerpt
Ares agreed to pay $1 million to settle the SEC’s charges, without admitting to or denying the findings that the securities regulator laid out in its order.
The securities regulator found the firm violated compliance policies as it “failed to account for the special circumstances presented by having an employee serve on the portfolio company’s board.”