Unions call SEC to scrutinize Apollo's Epstein disclosures

Two teachers unions urged the SEC to investigate Apollo Global Management over allegedly misleading disclosures about its ties to Jeffrey Epstein. New documents show CEO Marc Rowan met Epstein and that Epstein was connected to a potential tax-inversion discussion, even as Apollo has asserted only Leon Black had a relationship with Epstein. Dechert’s 2021 review found no Apollo employee beyond Black seriously involved with Epstein, though new materials suggest meetings involving Rowan. The unions argue for greater candor and watchdog scrutiny; there’s no evidence of Epstein’s trafficking activities by Apollo. Despite the controversy, Apollo’s stock has risen since Black’s departure.