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Violation Tracker Individual Record

Company: AIM Advisors
Current Parent CompanyInvesco
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $125,000,000
Year: 2004
Date: September 7, 2004
Offense Group: financial offenses
Primary Offense: investor protection violation
Secondary Offense: securities issuance or trading violation
Violation Description: The New York Attorney General and Colorado regulators announced a $125 million settlement -- $50 million in damages and penalties along with $75 million in fee reductions -- with a leading mutual fund company to resolve allegations of unlawful trading through market timing. The settlement damages and penalty portion of the settlement was negotiated together with the SEC, which issued its own announcement; see the Violation Tracker entry at (click here)
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Georgia
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: investment management
Source of Data(click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.