The U.S. Securities and Exchange Commission (SEC) delivered a Wells Notice to Pacific Investment Management Co. concerning its sales of the Pimco Total Return exchange traded fund (ETF). The Wells Notice is an indication to recommend that the SEC commence a civil action against the company. Pimco allegedly artificially boosted the returns of the Pimco Total Return ETF. The SEC is looking in to the valuation of smaller-sized positions in non-agency mortgage-backed securities that the ETF purchased between its inception and June 30, 2012, as well as Pimco’s compliance policies and procedures.
If you invested money in the Pimco Total Return ETF fund, please call our securities law firm at 312-332-4200 to speak with one of our attorneys. The call is free with no obligation. We may be able to help you recover your investment losses in the Financial Industry Regulatory Authority (FINRA) arbitration forum.
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