Jun. 19, 2023
PIMCO agrees to pay $9 million penalty for policy violations
The Newport Beach company neither admitted nor denied the SEC’s findings and agreed to a cease-and-desist order and a censure in each action to pay a combined $9 million penalty, according to a news release.
Pacific Investment Management Company will pay $9 million to settle two enforcement actions related to disclosure and policies and procedures violations involving two funds it advises, the SEC announced on Friday.
The Newport Beach company neither admitted nor denied the SEC’s findings and agreed to a cease-and-desist order and a censure in each action to pay a combined $9 million penalty, according to a news release.
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