SEC claims PIMCO to pay back $9 million to settle alleged disclosure and procedure violations

SEC claims PIMCO to pay back million to settle alleged disclosure and procedure violations


Key Points
  • The SEC alleged PIMCO failed to give investors essential information and facts about the use of desire fee swaps and the substance effect of the swaps on PIMCO World-wide StocksPLUS & Income Fund’s dividend.
  • The agency also promises the corporation unsuccessful to waive about $27 million of advisory service fees.
  • PIMCO did not promptly reply to CNBC’s request for remark.



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