Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:10 Months Later, Pimco Receives a Wells Notice Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, August 03, 2015

10 Months Later, Pimco Receives a Wells Notice

Reported by Neil Anderson, Managing Editor

SEC staff have sent Pimco [profile] a Wells Notice over its Pimco Total Return ETF (BOND). This afternoon the Newport Beach, California-based fixed income giant revealed receipt of the notice.

The notice follows reports 10 months ago that the SEC was looking into how Pimco pegged the ETF's net asset value (NAV). That revelation came just days before star BOND PM Bill Gross jumped to Janus.

Pimco's statement today is brief, and gives insight into what the SEC is concerned about. Here's an excerpt:

This matter principally pertains to the valuation of smaller sized positions in non-agency mortgage-backed securities purchased by BOND between its inception on February 29, 2012 and June 30, 2012, the fund's performance disclosures for that period, and the firm's compliance policies and procedures related to these matters.

The Wells process provides us with our opportunity to demonstrate to the SEC staff why we believe our conduct was appropriate, in keeping with industry standards, and that no action should be taken. We will continue to engage with the SEC and we are confident that this matter will not affect our ability to serve our clients.


The five-star ETF now holds about $2.51 billion in assets according to Morningstar. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2018: Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2018
40 Wall Street | 28th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use