Guggenheim says that the SEC investigation is over

Guggenheim Partners said Thursday that an investigation by the US securities authority over transactions made by the badet manager had been closed without any enforcement action. 39, was taken against the company.

The Securities and Exchange Commission opened its investigation after the agency received a whistleblowing complaint in 2016 accusing Guggenheim Partners Investment Management, the badet management division that oversees more than $ 200 billion worth of transactions. with third parties.

The SEC also examined the purchase of three California mansions related to the company's management.

"The SEC's investigation into Guggenheim Partners Investment Management has been closed without any enforcement action," Guggenheim said. The SEC declined to comment.

The regulator examined the role played by ABS Capital, a Miami-based investment firm close to Guggenheim founder Mark Walter, in the purchase of a Malibu mansion from Hollywood magnate David Geffen. 2017 for $ 85 million, as well as the acquisition of two homes in the Pacific Palisades nearby.

The survey also looked at Guggenheim's investment in BCBG Max Azria, the troubled women's retailer. When BCBG applied for bankruptcy protection in early 2017, GPIM lost hundreds of millions of dollars in debt and equity securities it had made in the years prior to the filing of Chapter 11.