Defendant Name:
Invesco Distributors, Inc.
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Invesco Ltd.
SIC Code:
6282
CUSIP:
G491BT10
Initial Case Details
Legal Case Name
In the Matter of Invesco Distributors, Inc. and Invesco Advisers, Inc.
First Document Date
24-Sep-2024
Initial Filing Format
Administrative Action
File Number
3-22165
Allegation Type
Broker Dealer
Violations Alleged
•
Failure to supervise under Section 15(b)(4)(E) Exchange Act
Resolutions
First Resolution Date
24-Sep-2024
Headline Total Penalty and Disgorgement
See Related Documents
Related Documents:
34-101141
24-Sep-2024
Administrative Proceeding
Order Instituting Administrative and Cease-and-Desist Proceedings Pursuant to Sections 15(b) and 21C of the Securities Exchange Act of 1934 and 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 September 24, 2024, the SEC instituted settled administrative and cease-and-desist proceedings against Invesco Distributors, Inc. and Invesco Advisers, Inc., stating: "These proceedings arise out of the widespread and longstanding failure of
Respondents' personnel, including at senior levels, to adhere to certain of these essential
requirements and Respondents' own policies and procedures. Using their personal devices, these
employees communicated both internally and externally by text messages and/or other
unapproved written communications platforms, such as WhatsApp ("off-channel
communications")."
Eleven Firms to Pay More Than $88 Million Combined to Settle SEC's Charges for Widespread Recordkeeping Failures
On September 24, 2024, the SEC "announced charges against 12 firms, comprising broker-dealers, investment advisers, and one dually-registered broker-dealer and investment adviser, for widespread and longstanding failures by the firms and their personnel to maintain and preserve electronic communications in violation of recordkeeping provisions of the federal securities laws."
34-102421
13-Feb-2025
Commission Order and Opinion
Order Granting Extension of Time
The Commission ordered that: "the respondents shall file their reply brief by February 19, 2025."
34-102860_3-22165
14-Apr-2025
Commission Order and Opinion
Order Denying Motions to Modify or Amend and Stay Settled Orders
The Commission says Respondents "signed offers of settlement, in which Respondents admitted to certain violations related to their employees' communications on personal devices." "Respondents now seek to (1) modify their Settled Orders . . . and (2) stay the effectiveness of their undertakings" in order to "'equalize' certain undertakings . . . with those contained in more recent Commission settlements." However, the Commission "den[ied] Respondents' motions."
Other Defendants in Action:
