Former Pimco Chief Settles Timing Suit With SEC

Law360, New York (October 27, 2006, 12:00 AM EDT) -- The former chairman of Pimco Advisors Fund Management LLC has agreed to pay more than half a million dollars to settle fraud charges brought by the U.S. Securities and Exchange Commission.

The former executive, Stephen J. Treadway, has been treading water since June, when a federal jury found him liable for committing securities fraud, breaching his fiduciary duty and other violations of the securities laws.

Treadway also agreed to a one-year ban on serving as an officer or director of an investment company, according to the...
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