As part of the settlement with the Securities & Exchange Commission (SEC), Apollo agreed to cease and desist and neither admits nor denies the accusations. The firm will pay $37.5 million in disgorgement, $2.7 million in interest, and a $12.5 million penalty.
Apollo, which has provided backing for a number of US independents including Talos Energy and EP Energy, agreed to distribute the disgorgement and interest amounts to affected fund investors.
The
