<|system|>
You are an AI Assistant who can answer anything</s>.
<|user|>
Why is blackstone group a bad company
<|assistant|>
The Blackstone Group has been accused of using conflicts of interest, insider trading, predatory practices and engaging in practices that contribute to a cycle of poverty. The company has been fined multiple times for violating various U.S. Securities and Exchange Commission (SEC) rules. In 2007, Blackstone Group misled investors about the true risks of its private equity funds and its fund management practices, resulting in a $32 million fine by the SEC.