Defendant Name: Invesco Advisers, 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 Advisers, Inc.
First Document Date 08-Nov-2024
Initial Filing Format Administrative Action
File Number 3-22306
Allegation Type Investment Advisers/Investment Companies

Violations Alleged

Other
• Sections 206(2), 206(4) Advisers Act; Rules 206(4)-1(a)(5), 206(4)-7, 206(4)-8 Advisers Act

Resolutions

First Resolution Date 08-Nov-2024
Headline Total Penalty and Disgorgement

See Related Documents

Related Documents:

IA-6770 08-Nov-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 November 8, 2024, the SEC instituted settled administrative and cease-and-desist proceedings against Invesco Advisers, Inc., stating: "Between approximately April 2020 and July 2022 (the "Relevant Period"), Invesco made misleading statements concerning the company-wide percentage of assets under management ("AUM") by it and its affiliates that was "ESG integrated," a term that Invesco used to indicate the incorporation of environmental, social, and governance ("ESG") considerations into investment decision making processes. Invesco made these statements in presentations to the boards of directors of funds it advised, in proposals to prospective clients, and in certain marketing materials."
2024-179 08-Nov-2024 Press Release--Administrative Proceeding
SEC Charges Invesco Advisers for Making Misleading Statements About Supposed Investment Considerations
On November 8, 2024, the SEC stated that: "[It] charged Invesco Advisers, Inc. for making misleading statements about the percentage of company-wide assets under management that integrated environmental, social, and governance (ESG) factors in investment decisions. The Atlanta-based registered investment adviser agreed to pay a $17.5 million civil penalty to settle the SEC’s charges."