Defendant Name:
Aviva Investors Americas, LLC
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Aviva PLC
SIC Code:
6311
CUSIP:
05382A10
Document Reference:
IA-4534
Document Details
Legal Case Name
In the matter of Aviva Investors Americas, LLC, As Successor Entity to Aviva Investors North America, Inc.
Document Name
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 203(k) of the Investment Advisers Act of 1940 and Section 9(f) of the Investment Company Act of 1940, Making Findings, and Imposing a Cease-and-Desist Order
Document Date
23-Sep-2016
Document Format
Administrative Proceeding
Allegation Type
Investment Advisers/Investment Companies
Document Summary
On September 23, 2016, the SEC instituted a settled administrative proceeding. According to the SEC: "Beginning in March 2010 and through December 2011, AINA, a registered investment adviser to various clients arranged cross trade transactions in which three of AINA's traders (the "Traders") sold fixed-income securities from certain AINA advisory client accounts to counterparty broker-dealers, and then the next day repurchased the same securities from the same broker-dealers for the accounts of certain other AINA advisory client. As a result of these trades, AINA caused certain of its advisory clients to conduct trades with affiliates unwittingly in violation of Sections 17(a)(1) and (a)(2) of the Investment Company Act."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$250,000.00
Shared:
