Violation Tracker Individual Record

Company: 
Calvert Investment Distributors, Inc. and Calvert Investment Management, Inc.
Penalty: 
$22,614,534
Year: 
2017
Date: 
May 2, 2017
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

The former investment adviser and the former distributor of the Calvert open-end mutual funds agreed to pay more than $22 million to settle allegations that fund assets were improperly used to pay for marketing and distribution services as well as expenses in excess of annual expense caps.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Securities and Exchange Commission
Civil or Criminal Case: 
civil
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.