The Securities and Exchange Commission charged Woojae "Steve" Jung on Thursday, an investment banker at Goldman Sachs GS, -1.43% who worked in San Francisco and New York, with insider trading in the securities of 12 different companies. Jung allegedly made $140,000 in profits trading in advance of public announcement of market-moving events using an account held in the name of a friend living in South Korea, Sungrok Hwang, who is charged as a relief defendant that will be required, if the SEC...

The Associated Press reported on Friday that the Securities and Exchange Commission dropped its inquiry into Apollo Global Management, APO, +0.19% the private equity firm, late last year after the company had given White House adviser Jared Kushner's family real estate firm a $180 million loan a month earlier. Apollo reported in its 2018 annual report that the SEC had halted its inquiry into how the firm reported the financial results of its private equity funds and other costs and personnel...

The Securities and Exchange Commission charged a former senior partner at Apollo Management L.P. APO, -0.40% on Wednesday for allegedly defrauding his private equity fund clients by secretly billing them for approximately $290,000 in luxury vacations, haircuts, designer clothing and electronics between 2010 and 2013. Mohammed Ali Rashid falsely claimed that personal expenses had a business purpose and even falsified a business receipt to justify his purchase of a $3,500 suit for his father....