Advertisement
UK markets open in 3 hours 20 minutes

  • NIKKEI 225

    41,051.49
    +137.84 (+0.34%)
     

  • HANG SENG

    17,864.94
    -163.34 (-0.91%)
     

  • CRUDE OIL

    83.68
    -0.20 (-0.24%)
     

  • GOLD FUTURES

    2,369.40
    0.00 (0.00%)
     

  • DOW

    39,308.00
    -23.90 (-0.06%)
     

  • Bitcoin GBP

    43,432.11
    -2,765.77 (-5.99%)
     

  • CMC Crypto 200

    1,149.20
    -111.98 (-8.87%)
     

  • NASDAQ Composite

    18,188.30
    +159.54 (+0.88%)
     

  • UK FTSE All Share

    4,497.97
    +34.88 (+0.78%)
     
Money:

What a Labour government needs to do for pensions and work in the first 100 days

The next government should hit the ground running — here is what should be on the to-do list

Pimco to pay $20 million to settle SEC probe: WSJ

Reuters
A Pacific Investment Management Co (PIMCO) sign is shown in Newport Beach, California August 4, 2015. REUTERS/Mike Blake

(Reuters) - Pacific Investment Management Co (Pimco) and a top U.S. regulator have settled claims the bond manager mismarked securities in a fund formerly managed by investor Bill Gross, the Wall Street Journal reported, citing sources.

Pimco agreed to pay about $20 million to the Securities and Exchange Commission, people familiar with the matter told the WSJ. (http://on.wsj.com/2gEr854)

"Pimco is pleased to have resolved the BOND ETF matter with the SEC," a Pimco spokesman said in an email.

"Accordingly, the firm has enhanced its policies and procedures relating to valuation of smaller-sized positions and performance attribution disclosure," the spokesman said.

(Reporting by Sruthi Shankar in Bengaluru; Editing by Maju Samuel)