{"id":5692,"date":"2014-09-25T00:00:00","date_gmt":"2014-09-25T05:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2014\/09\/sec_investigates_pimco_exchang"},"modified":"2022-05-06T11:55:16","modified_gmt":"2022-05-06T16:55:16","slug":"sec-investigates-pimco-exchang","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-investigates-pimco-exchang\/","title":{"rendered":"SEC Investigates Pimco Exchange-Traded Fund for Artificial Inflation"},"content":{"rendered":"\n

The Securities and Exchange Commission is looking at whether Pacific Investment Management Co, artificially upped the returns of a fund that targeted smaller investors. At issue is the way the $3.6B Pimco Total Return ETF (BOND) purchased investments at a discount but depended on higher valuations for the investments when the fund worked out its holdings\u2019 value soon after. This type of move could make it appear as if the fund made rapid gains when it was actually just availing of the variations in how certain investments are valued. <\/p>\n

According to The Wall Street Journal<\/em>, sources familiar with the probe say that SEC investigators have already interviewed firm owner Bill Gross. The regulator could be looking at whether investors ended up with inaccurate data about the performance of the fund. If so, this could be a breach of securities law, even if the wrongdoing wasn’t intentional. <\/p>\n

While the probe has been going on for at least a year, it seems to have recently escalated. Other Pimco executives have also been interviewed. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

The Securities and Exchange Commission is looking at whether Pacific Investment Management Co, artificially upped the returns of a fund that targeted smaller investors. At issue is the way the $3.6B Pimco Total Return ETF (BOND) purchased investments at a discount but depended on higher valuations for the investments when the fund worked out its […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3752,3761],"tags":[2596,2656],"class_list":["post-5692","post","type-post","status-publish","format-standard","hentry","category-financial-firms","category-securities-and-exchange-commis","tag-exchange-traded-funds","tag-pimco"],"yoast_head":"\nSEC Investigates Pimco Exchange-Traded Fund for Artificial Inflation — Investor Lawyers Blog — September 25, 2014<\/title>\n<meta name=\"description\" content=\"The Securities and Exchange Commission is looking at whether Pacific Investment Management Co, artificially upped the returns of a fund that targeted — September 25, 2014\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/sec-investigates-pimco-exchang\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"SEC Investigates Pimco Exchange-Traded Fund for Artificial Inflation — Investor Lawyers Blog — September 25, 2014\" \/>\n<meta name=\"twitter:description\" content=\"The Securities and Exchange Commission is looking at whether Pacific Investment Management Co, artificially upped the returns of a fund that targeted — September 25, 2014\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards & Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. 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