Defendant Name:
AIM Advisors, Inc.
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
AMVESCAP PLC
SIC Code:
6282
CUSIP:
03235E10
Initial Case Details
Legal Case Name
In the Matter of Invesco Funds Group, Inc., AIM Advisors, Inc., and AIM Distributors, Inc.
First Document Date
08-Oct-2004
Initial Filing Format
Administrative Action
File Number
3-11701
Allegation Type
Investment Advisers/Investment Companies
Violations Alleged
•
Sections 206(1), 206(2) Investment Advisers Act; Section 17(d), 34(b) Investment Company Act; Rule 17d-1 Investment Company Act
Additionally,
AIM Distributors, Inc. is alleged to have aided and abetted AIM Advisors, Inc.'s violation of Sections 206(1), 206(2) Investment Advisers Act (willfully/knowingly).
AIM Distributors, Inc. is alleged to have caused AIM Advisors, Inc.'s violation of Sections 206(1), 206(2) Investment Advisers Act.
Resolutions
First Resolution Date
08-Oct-2004
Related Documents:
34-50506
08-Oct-2004
Administrative Proceeding
Order Instituting Administrative and Cease-and-Desist Proceedings Pursuant to Section 15(b) of the Securities Exchange Act of 1934, Sections 203(e) and 203(k) of the Investment Advisers Act of 1940, and Sections 9(b) and 9(f) of the Investment Company Act of 1940, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
On October 8, 2004, the SEC instituted settled administrative and cease-and-desist proceedings against Invesco Funds Group, Inc. ("IFG"), AIM Advisors, Inc., and AIM Distributors, Inc. ("ADI"). According to the SEC: "This is a proceeding against IFG, AIM Advisors, and ADI based on market timing agreements that allowed certain individuals and entities to make frequent trades in the Invesco Funds advised by IFG and AIM Mutual Funds advised by AIM Advisors."
34-56746
05-Nov-2007
Administrative Proceeding
Order Extending Time to Enter an Order Approving or Disapproving Distribution Plan
The Commission ordered that: "for good cause shown, the time for entering an Order approving or disapproving the
proposed distribution plan is extended to November 30, 2007."
34-56745
05-Nov-2007
Administrative Proceeding
Order Extending Time to Enter an Order Approving or Disapproving Distribution Plan
The Commission ordered that: "for good cause shown, the time for entering an Order approving or disapproving the
proposed distribution plan is extended to November 30, 2007."
34-56878
30-Nov-2007
Administrative Proceeding
Order Extending Time to Enter an Order Approving Or Disapproving Distribution Plan
The SEC stated: "IT IS ORDERED that: Pursuant to Rule 1104 of the Rules on Fair Fund and Disgorgement Plans, 17 C.F.R. § 201.1104, for good cause shown, the time for entering an Order approving or disapproving the proposed distribution plan is extended to December 28, 2007."
34-56877
30-Nov-2007
Administrative Proceeding
Order Extending Time to Enter an Order Approving Or Disapproving Distribution Plan
The SEC stated: "IT IS ORDERED that: Pursuant to Rule 1104 of the Rules on Fair Fund and Disgorgement Plans, 17 C.F.R. § 201.1104, for good cause shown, the time for entering an Order approving or disapproving the proposed distribution plan is extended to December 28, 2007."
34-59929
14-May-2009
Administrative Proceeding
Order Directing Disbursement of Fair Fund
The Commission ordered that: "the Commission staff shall transfer $54,699,314.96 of
the AIM Fair Fund, $11,025,038.25 of the Banc of America Fair Fund and $12,442,622.97 of the
Bear Stearns Fair Fund to Deutsche Bank and the Fund Administrator shall then distribute all
such monies of $78,166,976.18 to investors, as provided for in the Plan."
2009-124
01-Jun-2009
Press Release--Administrative Proceeding
SEC Announces $78 Million Fair Fund Distribution to Harmed Investors in AIM Mutual Funds
The SEC " announced the Fair Fund distribution of more than $78
million to more than 590,000 investors who were affected by undisclosed
market timing in certain AIM mutual funds."
34-62746
19-Aug-2010
Administrative Proceeding
Order Directing Disbursement
According to the SEC: "The Plan [of Distribution] provides that any monies not distributed directly to investors (the 'Residual'), less any remaining amounts needed for taxes and related expenses, shall be distributed to the AIM Funds in the same proportion as the amount of harm calculated on a fund by fund basis." On August 19, 2010, the SEC ordered that "the Fund Administrator shall disburse the Residual, in the amount stated in the validated payment file, of $13,141,658.77, as provided for in the Plan of Distribution."
34-64865
12-Jul-2011
Administrative Proceeding
Order Modifying Order Instituting Administrative and Cease-and-Desist Proceedings Pursuant to Section 15(b) of the Securities Exchange Act of 1934, Sections 203(e) and 203(k) of the Investment Advisers Act of 1940, and Sections 9(b) and 9(f) of the Investment Company Act of 1940, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
According to the SEC: "In 2009, Invesco Advisers, Inc. ('Invesco Advisers') merged with AIM Advisors, and Invesco Advisers became subject to the undertakings in the 2004 Order. Invesco Advisers has submitted an Amended Offer of Settlement proposing to relieve it of various obligations from the original October 8, 2004 SEC Order. On July 12, 2011, the SEC deemed it appropriate and in the public interest to modify the 2004 Order as agreed to in Invesco Advisers' Offer.
34-69346
08-Apr-2013
Administrative Proceeding
Order Authorizing Transfer of Funds, Discharging Fund Administrator, and Terminating Fair Fund
On April 8, 2013, the SEC ordered the termination of the AIM Fair Fund and the discharge of Boston Financial Data Services, Inc. as the Fund Administrator. The SEC also ordered the transfer of $203,758.10 in residual funds to the U.S. Treasury. Lastly, the SEC order that "any funds returned in the future to the AIM Fair Fund be transferred to the U.S. Treasury."
Other Defendants in Action:
