Reported 7 days ago
Marathon Asset Management LP has been fined $1.5 million by the SEC for failing to establish adequate policies to safeguard confidential information related to distressed companies. The firm, based in New York, did not deny the allegations but stated it has already implemented necessary updates to strengthen its policies. The SEC emphasized the importance of investment advisers designing procedures that address the risks of receiving nonpublic information while interacting with financial advisers and distressed companies.
Source: YAHOO