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
Document Reference:
IA-6536
Document Details
Legal Case Name
In the Matter of Aon Investments USA Inc., fka Aon Hewitt Investment Consulting, Inc.
Document Name
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
Document Date
25-Jan-2024
Document Format
Administrative Proceeding
Allegation Type
Investment Advisers/Investment Companies
Document Summary
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."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Fair Funds
Monetary Penalties:
Disgorgement
Individual:
$495,098.50
Shared:
Civil Penalty
Individual:
$1,000,000.00
Shared:
Pre-Judgment Interest
Individual:
$47,089.29
Shared:
