In the Margins

PIMCO settles with SEC over Total Return ETF

December 2, 2016

By The Wall Street Journal

PIMCO agreed to pay $20 million to resolve claims it misled investors and mismarked securities, ending a multiyear investigation into a fund formerly managed by Bill Gross. The Securities and Exchange Commission said PIMCO wasn’t clear with investors about the early success of its PIMCO Total Return Active ETF. Read the original story from The Wall Street Journal.