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A bloc of private equity and hedge-fund types are holding talks about how to minimize SEC fines over disappearing messages.
The firms include Citadel, KKR. and Blackstone. “Their goal is to minimize any fines and ensure that if they reach a settlement, no firm is singled out for a harsher penalty,” according to Bloomberg.
The SEC is investigating whether WhatsApp, Telegram and Signal use at these companies broke disclosure rules. Citadel in particular is still willing to fight the SEC on this.
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