Violation Tracker Individual Record

Company: 
AIM Advisors
Current Parent Company: 
Invesco
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 https://violationtracker.goodjobsfirst.org/violation-tracker/-aim-adviso...

Level of Government: 
state
Action Type: 
agency action
Agency: 
Multistate Attorneys General Case
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
Georgia
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
investment management
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.