Citadel ready to battle SEC over WhatsApp probe - Bloomberg News

Citadel Income Fund

27/09/2023 15:50

Sept 27 (Reuters) - Billionaire Ken Griffin's Citadel
will take a tougher stance against the U.S. Securities and
Exchange Commission and is willing to take the regulator to
court over its WhatsApp probe, Bloomberg News reported on
Wednesday citing people familiar with the matter. 
    The SEC has collected thousands of staff messages from more
than a dozen major investment companies, escalating its probe
into Wall Street's use of private messaging apps to discuss
work, Reuters had reported earlier this week.
    The firms targeted by the SEC include Carlyle Group  CG.O  ,
Apollo Global Management APO.N , KKR & Co  KKR.N , TPG  TPG.O ,
and Blackstone BX.N , as well as some hedge funds such as
Citadel. 
    A spokesperson from the SEC declined to comment. Citadel did
not immediately respond to a Reuters request for comment.
    The Miami-based firm would be the first to take the SEC to
court over allegations of untracked communications, the report
added, in contrast to almost two dozen banks that have chosen to
pay hefty settlements over the last couple of years. 
    

 (Reporting by Pritam Biswas in Bengaluru; Editing by Krishna
Chandra Eluri)
 ((Pritam.Biswas@thomsonreuters.com;))