NEW YORK - Guggenheim Partners on Sunday said it was "cooperating fully" with an investigation of its asset management subsidiary that is being condu
NEW YORK – Guggenheim Partners on Sunday said it was “cooperating fully” with an investigation of its asset management subsidiary that is being conducted by the U.S. Securities and Exchange Commission.
“We are cooperating fully with the SEC’s investigation of our subsidiary,” the statement read, “and we cannot comment further.”
The statement followed a report in the Wall Street Journal that the company was asked to retain documents related to transactions involving a second company, ABS Capital Co LLC.
The SEC is pursuing details on a real-estate transaction and other deals involving ABS Capital, which is owned by two former Guggenheim managers, the Journal reported, citing unidentified people.