Defendant Name: Aon Investments USA Inc. fka Aon Hewitt Investment Consulting, Inc.

Defendant Type: Subsidiary of Public Company
Public Company Parent: Aon plc
SIC Code: 6411
CUSIP: G0403H10

Initial Case Details

Legal Case Name In the Matter of Aon Investments USA Inc., fka Aon Hewitt Investment Consulting, Inc.
First Document Date 25-Jan-2024
Initial Filing Format Administrative Action
File Number 3-21837
Allegation Type Investment Advisers/Investment Companies

Violations Alleged

Other
• Section 206(2) Advisers Act

Resolutions

First Resolution Date 25-Jan-2024
Headline Total Penalty and Disgorgement $1,542,188

Related Documents:

IA-6536 25-Jan-2024 Administrative Proceeding
Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Sections 203(e) and 203(k) of the Investment Advisers Act of 1940, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
On January 25, 2024, the SEC instituted settled administrative and cease-and-desist proceedings against Aon Investments USA Inc., fka Aon Hewitt Investment Consulting, Inc., stating: "This matter involves misconduct by registered investment adviser Aon that was inconsistent with its duty to its client, the Pennsylvania Public School Employees' Retirement System ("PSERS") under the Advisers Act."
2024-9 25-Jan-2024 Press Release--Administrative Proceeding
SEC Charges Chicago-based Aon Investments and Former Partner with Misleading Pennsylvania Public Employees' Pension Fund
On January 25, 2024, the SEC "announced settled charges against Aon Investments USA Inc., a Chicago-based registered investment adviser, and the firm's former partner, Claire P. Shaughnessy, for misleading their client, the Pennsylvania Public School Employees' Retirement System (PSERS), about the reason for a discrepancy between two different calculations by Aon of PSERS's investment returns for the same period."
34-99886 02-Apr-2024 Administrative Proceeding
Extension Order
The Commission ordered that: "the Division’s request for an extension of time until March 25, 2025 to submit a Proposed Plan of Distribution is granted."
34-101318 11-Oct-2024 Administrative Proceeding
Order Appointing Tax Administrator
The SEC ordered that: "Miller Kaplan Arase LLP is appointed as the Tax Administrator for the QSF in the above-referenced proceeding."

Related Actions:

In the Matter of Claire P. Shaughnessy
Claire P. Shaughnessy