PIMCO To Pay SEC $9M Over Unwaived Fees, Disclosures
By Sarah Jarvis ( June 16, 2023, 11:23 AM EDT) -- The U.S. Securities and Exchange Commission announced Friday that Pacific Investment Management Co. LLC will pay $9 million to settle allegations the investment adviser didn't properly inform investors about interest rate swaps and failed to waive about $27 million in advisory fees under an agreement with a mutual fund it managed....
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