Defendant Name:
Invesco Advisers, Inc.
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Invesco Ltd.
SIC Code:
6282
CUSIP:
G491BT10
Document Reference:
IA-6770
Document Details
Legal Case Name
In the Matter of Invesco Advisers, 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
08-Nov-2024
Document Format
Administrative Proceeding
Allegation Type
Investment Advisers/Investment Companies
Document Summary
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."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Cooperation Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$17,500,000.00
Shared:
