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Violation Tracker Individual Record

Company: AIM Advisors, Inc. and AIM Distributors, Inc.
Current Parent CompanyInvesco
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $50,000,000
Year: 2004
Date: October 8, 2004
Offense Group: financial offenses
Primary Offense: investor protection violation
Secondary Offense: securities issuance or trading violation
Violation Description: Invesco Funds Group, Inc., AIM Advisors, Inc., and AIM Distributors, Inc. agreed to pay a total of $375 million to settle allegations that they violated federal securities laws by facilitating widespread market timing trading in mutual funds with which each entity was affiliated.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
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)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.