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Violation Tracker Individual Record

Company: PA Distributors
Penalty: $9,000,000
Year: 2004
Date: September 15, 2004
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: The California Attorney General announced a $9 million settlement of a lawsuit against PA Distributors that alleged the firm violated state securities law by not adequately disclosing payments and conflicts of interest related to deals made with broker-dealers to sell PIMCO mutual funds.
Level of Government: state
Action Type: agency action
Agency: California Attorney General
Civil or Criminal Case: civil
Facility State: California
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.