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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