Violation Tracker Individual Record

Company: 
First Eagle Investment Management and FEF Distributors
Penalty: 
$39,748,260
Year: 
2015
Date: 
September 21, 2015
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

First Eagle Investment Management and FEF Distributors agreed to pay nearly $40 million to settle allegations of improperly using mutual fund assets to pay for the marketing and distribution of fund shares.

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.