Violation Tracker Individual Record

Company: 
PA Fund Management LLC, PEA Capital LLC and PA Distributors LLC
Current Parent Company: 
Allianz
Penalty: 
$11,600,000
Year: 
2004
Date: 
September 15, 2004
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

The investment adviser, sub-adviser, and principal underwriter and distributor for the PIMCO Funds Multi-Manager Series funds agreed to pay $11.6 million to settle allegations that they failed to disclose to the PIMCO MMS Funds' Board of Trustees and shareholders material facts and conflicts of interest that arose from their use of shelf space arrangements with selected broker-dealers.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Securities and Exchange Commission
Civil or Criminal Case: 
civil
HQ Country of Parent: 
Germany
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
insurance
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.