Defendant Name: Banc One Investment Advisors Corporation

Defendant Type: Subsidiary of Public Company
Public Company Parent: Bank One Corp.
SIC Code: 6021
CUSIP: 06423A10

Document Reference: IA-2254

Document Details

Legal Case Name In the Matter of Banc One Investment Advisors Corporation and Mark A. Beeson
Document Name Order Instituting Administrative and Cease-and-Desist Proceedings, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order Pursuant to Sections 203(e), 203(f), and 203(k) of the Investment Advisers Act of 1940 and Sections 9(b) and 9(f) of the Investment Company Act of 1940
Document Date 29-Jun-2004
Document Format Administrative Proceeding
File Number 3-11530
Allegation Type Investment Advisers/Investment Companies
Document Summary On June 29, 2004, the SEC instituted settled administrative and cease-and-desist proceedings against Banc One Investment Advisors Corporation and Mark A. Beeson. According to the SEC: "BOIA, an investment adviser, and Beeson, President and Chief Executive Officer of One GroupMutual Funds ('One Group') and a senior managing director of BOIA, violated and/or aided and abetted and caused violations of the antifraud provisions of the Advisers Act and the Investment Company Act", by entering into market timing arrangements that allowed excessive short-term trading.

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Censured
Compliance Related Independent Consultant
Other Compliance Related Undertaking
Various undertakings
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Fair Funds
Plan of Distribution
Monetary Penalties:

Disgorgement

Individual:     $10,000,000.00 Shared:    

Civil Penalty

Individual:     $40,000,000.00 Shared:    

Total Penalty

Individual:     $50,000,000.00 Shared:    

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Other Defendants in Action:

Mark A. Beeson