Ex-Pimco Head Settles With SEC

Law360 (May 16, 2007, 12:00 AM EDT) -- After shelling out more than a half million dollars last fall to settle fraud charges, the former chairman of Pimco Advisors Fund Management LLC has agreed to pay a $75,000 civil penalty over his alleged failure to disclose a conflict of interest.

On Monday, the U.S. Securities & Exchange Commission revealed that Stephen Treadway had agreed to the settlement, though he neither admitted nor denied the accusations contained in the complaint.

Treadway served as the chief executive officer of both investment adviser Pimco Advisors Fund Management...
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