SEC Continues Long-term Fee Crackdown As Blackstone Latest Target

The SEC’s fee crackdown continues. As Blackstone Group LP is subject to a recent Securities and Exchange Commission review of certain fee practices of investment managers, the move by the regulatory agency shouldn’t come as a surprise. As Valuewalk first reported nearly two years ago, the SEC is in the midst of a fee crackdown and Blackstone is just the current participant under the microscope of an increasingly intense regulatory glare. Monitoring fees on consulting deals to take a firm public or sell it are in the cross-hairs at Blackstone The SEC is looking at disclosure on how Blackstone, the world’s largest…