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Distribution of $113 Million Fair Fund Underway in SEC’s Shell Settlement
Settlement funds going out to more than 84,000 investors in the U.S. and 56 other countries.
SEC Distributes First Wave ($185 Million) of Funds in Prudential Securities Settlement
SEC distributes first wave of $185 million in Prudential Securities settlement.
$67 Million in SEC Settlements Distributed to McAffee Investors
Fair Fund distribution goes out to nearly 16,000 harmed investors.
SEC Distributes $418 Million to Invesco Investors
SEC announces $418 million distribution in Invesco-related settlements.
SEC Announces $35 Million Fair Fund Distribution in Cardinal Health Case
Funds go out to more than 98,000 investors.
SEC to Distribute $78 Million in AIM Settlements
The SEC announced today the Fair Fund distribution of more than $78 million to more than 590,000 investors who were affected by undisclosed market timing in certain AIM mutual funds. The agency stated that the distribution is the result of a prior SEC enforcement action against AIM Advisors, Inc., which advised the funds, and AIM [...]
Court Approves Distribution of $843 Million to AIG Investors from SEC Fair Fund
The SEC announced today that a federal court has approved the distribution of more than $843 million to investors in American International Group, Inc. from a Fair Fund that the SEC established after the company’s settlement of an SEC enforcement action for accounting fraud. The court-appointed distribution agent for the AIG Fair Fund estimates that [...]
SEC Begins Distribution of $267 Million from Bear Stearns Fair Fund
The SEC announced on Friday that it has commenced a $267 million Fair Fund distribution to mutual funds and mutual fund shareholders who were harmed by late trading and market timing that occurred through Bear Stearns. Bear Stearns was charged by the SEC in a 2006 enforcement action. Friday’s disbursement of more than $216 million [...]
SEC: Return of $321 Million to Investors Underway in Alliance Capital Settlement
The SEC announced last week that it has completed the first in a series of disbursements from a Fair Fund that will return approximately $321 million to more than two million investors in its settlement with respect to market timing in the Alliance mutual funds complex. The settlement resulted from an SEC enforcement action charging [...]
SEC Proposes Plan to Distribute $250 Million Fair Fund in Bear Stearns Market Timing Case
On December 8, the SEC gave notice of its proposed plan for the distribution of the $250 million Fair Fund in the Bear, Stearns & Co., Inc. matter relating to certain mutual fund market timing and late trading activity. The SEC proposes to distribute the Fair Fund pursuant to a distribution plan developed by Independent [...]