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.
The posting on this site are mere OPINIONS and NOT statements of fact in any way whatsoever. The information should not be relied upon and there have been no findings made against the firms or individuals referenced on this site. In addition, this Blog is made available for educational purposes only and incorporates information from the web as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and Stoltmann Law Offices (161 N Clark Street 16th Floor Chicago, IL 60601). The Blog opinions should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.
PLEASE NOTE THIS IS ADVERTISING AND IT IS NOT A NEWSPAPER ARTICLE OR POST FROM AN INDEPENDENT OR NON-BIASED, NEWS SITE, NEWS SOURCE OR NEWSPAPER.