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."

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."

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."

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."

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."

The Commission stated: "On October 8, 2004, the Commission instituted and simultaneously settled public administrative and cease-and-desist proceedings (the "October Order") against Commission registered investment adviser AIM Advisors, Inc. ("AIM Advisors"), and Commission registered broker-dealer AIM Distributors, Inc. ("ADI") for violations of the federal securities laws in connection with the market timing of certain mutual funds within the AIM fund complexes (Securities Exchange Act of 1934 Release No. 50506). Among other relief, the October Order required AIM Advisors and ADI to jointly and severally pay disgorgement of $20 million and a civil penalty of $30 million. The total amount of $50 million was designated a Fair Fund (the "AIM Fair Fund") under Section 308(a) of the Sarbanes-Oxley Act of 2002. The October Order further required that the AIM Fair Fund be distributed to investors injured by market timing activity pursuant to a distribution plan (the "AIM Plan") to be developed by an independent distribution consultant ("IDC"). On July 6, 2007, the Commission published the proposed AIM Plan and issued a Notice of Proposed Distribution Plan and Opportunity for Comment (Exchange Act Release No. 56027) pursuant to Rule 1103 of the Fair Fund Rules, 17 C.F.R. § 201.1103. In response to the Notice, Merrill Lynch & Co., Inc. ("Merrill Lynch"), the Spark Institute, Inc. ("Spark"), and two individuals submitted comments to the Office of the Secretary regarding the AIM Plan. After careful consideration, the Commission has concluded that the AIM Plan should be modified to further clarify the Fund Administrator's responsibility to ensure that other parties maintain shareholder information in confidence, to include an additional alternative for retirement plan service providers to distribute proceeds among retirement plans, to include a process by which certain individuals and entities can contest their otherwise ineligible status under the Plan, to create more clarity in the distribution process and to correct various typographical errors, and approved as modified. Furthermore, the Commission appoints BFDS as the Fund Administrator as proposed in the Plan, and has determined that, for good cause shown, the bond required under Fair Fund Rule 1105(c) will be waived."

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."

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."

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."