Three private equity firms disclosed they are under investigation by the Securities and Exchange Commission (SEC) for having allowed employees to use unauthorized communication channels like WhatsApp and WeChat to conduct company business.

Apollo Global Management, The Carlyle Group, and KKR & Co. disclosed in quarterly filings the SEC is also investigating them for not properly recording and retaining the work-related communications of their employees.

Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:...