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 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.