Defendant Name:
Aon Investments USA Inc. fka Aon Hewitt Investment Consulting, Inc.
Defendant Type:
Subsidiary of Public Company
Document Reference:
2024-9
Document Details
Legal Case Name
In the Matter of Aon Investments USA Inc., fka Aon Hewitt Investment Consulting, Inc.
Document Name
SEC Charges Chicago-based Aon Investments and Former Partner with Misleading Pennsylvania Public Employees' Pension Fund
Document Date
25-Jan-2024
Document Format
Administrative Proceeding
Allegation Type
Investment Advisers/Investment Companies
Document Summary
On January 25, 2024, the SEC "announced settled charges against Aon Investments USA Inc., a Chicago-based registered investment adviser, and the firm's former partner, Claire P. Shaughnessy, for misleading their client, the Pennsylvania Public School Employees' Retirement System (PSERS), about the reason for a discrepancy between two different calculations by Aon of PSERS's investment returns for the same period."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Monetary Penalties:
Disgorgement
Individual:
$542,187.00
Shared:
Civil Penalty
Individual:
$1,000,000.00
Shared:
Pre-Judgment Interest
(Penalty was noted in document, but no amount was listed)