Bloomberg Law
May 10, 2016, 5:28 PM

Blackstone Said to Hire Former SEC Official After First Penalty

Bloomberg Media

By Matt Robinson and Devin Banerjee, Bloomberg News

Blackstone Group LP is hiring a former top enforcement attorney at the U.S. Securities and Exchange Commission, months after the world’s biggest alternative-asset manager agreed to its first SEC penalty, two people with knowledge of the move said.

Marshall Sprung will be a managing director and global head of compliance at New York-based Blackstone, said the people, who asked not to be named because the hire hasn’t been announced. He worked as co-head of the asset management unit within the enforcement division of the SEC, which announced his departure last month. ...

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