Sep 30, 07:15 PM

Marathon Asset Management Fined $1.5 Million by SEC for Misuse of Confidential Information

Marathon Asset Management LP will pay a $1.5 million penalty after the U.S. Securities and Exchange Commission (SEC) announced settled charges against the advisory firm. Marathon was charged for failing to establish, maintain, and enforce written policies and procedures to prevent the misuse of material nonpublic information. The SEC's charges relate to Marathon's policy failures regarding the potential receipt of confidential information from ad hoc creditors' committees of distressed companies.

#Marathon Asset Management #SEC #Marathon

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Bloomberg Markets@markets
1 year ago
Marathon Asset Management will pay a $1.5 million penalty for failing to establish policies to prevent the misuse of confidential information it learned regarding distressed companies, according to the SEC. https://t.co/eosqrIcaUk
Bloomberg@business
1 year ago
Marathon Asset Management will pay a $1.5 million penalty for failing to establish policies to prevent the misuse of confidential information it learned regarding distressed companies, according to the SEC. https://t.co/3ni6T1MIap
U.S. Securities and Exchange Commission@SECGov
1 year ago
Today we announced settled charges against Marathon Asset Management LP for failing to establish, maintain, and enforce written policies and procedures to prevent the misuse of material nonpublic information. https://t.co/iHM2jfXl89 https://t.co/uEwx095TEk

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Marathon Asset Management Fined $1.5 Million by SEC for Misuse of Confidential Information

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