MutualFundWire.com: SEC Staff Recommends Action Against PIMCO
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Friday, February 27, 2004

SEC Staff Recommends Action Against PIMCO


The SEC staff ha recommended action against PIMCO Advisors Fund Management, the fund firm said on Thursday according to a Reuters report.

The action would seek disgorgement of gains as well as civil penalties for the fund firm's involvement with market timers and their related trading, according to the report.

The Securities and Exchange Commission notified the firm of the recommendation on February 12.


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