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The SEC is charging the private equity giant firm with improperly allocating broker-dealer expenses -- the first case of its kind for the regulator.
The SEC is charging private equity firm Kohlberg Kravis Roberts & Co. (KKR) with misallocating “more than $17 million” in broker-dealer expenses via its flagship private equity funds, citing a breach of its fiduciary duty, officials say. KKR manages investments across multiple asset classes including private equity, energy, infrastructure, real estate, capital markets, credit strategies,...
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