UPDATE 1-KKR to pay $30 mln to settle U.S. SEC charges over misallocating expenses
June 29, 2015 at 11:46 AM EDT
WASHINGTON, June 29 (Reuters) - Private equity giant Kohlberg Kravis Roberts & Co. will pay nearly $30 million to settle civil charges that it misallocated more than $17 million in expenses and breached its fiduciary duty to clients, U.S. regulators said.
