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ALIZF Allianz Ag Muenchen Namen (PK)

285.00
1.02 (0.36%)
19 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Allianz Ag Muenchen Namen (PK) USOTC:ALIZF OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.02 0.36% 285.00 275.81 290.71 285.00 283.22 283.22 64 21:04:05

Pimco Reaches SEC Settlement

01/12/2016 9:50pm

Dow Jones News


Allianz Ag Muenchen Namen (PK) (USOTC:ALIZF)
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Pacific Investment Management Co. and a top U.S. regulator have settled claims the bond manager mismarked securities in a fund formerly managed by famed investor Bill Gross, people familiar with the matter said.

Pimco agreed to pay about $20 million to the Securities and Exchange Commission, these people said. The deal would resolve an investigation by Wall Street's top regulator into allegations the firm inflated returns for its Pimco Total Return Active ETF, an exchange-traded fund for small investors. The fund was once overseen by Mr. Gross, who left Pimco in 2014.

The preliminary agreement included a penalty, disgorgement of management fees Pimco received, and interest, the people said.

Write to Justin Baer at justin.baer@wsj.com and Aruna Viswanatha at Aruna.Viswanatha@wsj.com

 

(END) Dow Jones Newswires

December 01, 2016 16:35 ET (21:35 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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