Money

SEC fines PIMCO nearly $20 million for misleading investors

U.S. investment management firm Pacific Investment Management Company (PIMCO) has agreed to pay nearly $20 million to settle the U.S. Securities and Exchange Commission’s (SEC) charges that it misled investors about the performance of one its exchange-traded funds (ETFs) and failed to accurately value certain fund securities.


JPMorgan to pay $264 million over corrupt hiring scheme in China

American multinational bank JPMorgan Chase has agreed to pay more than $130 million to settle the U.S. Securities and Exchange Commission’s (SEC) charges that it gave jobs and internships to friends and relatives of Chinese government officials to win business in violation of foreign anti-bribery laws.