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Business Editors/Legal Writers
WASHINGTON--(BUSINESS WIRE)--Jan. 21, 2004
The law firm of Cohen, Milstein, Hausfeld & Toll, P.L.L.C. has filed a c...
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Business Editors
HOUSTON--(BUSINESS WIRE)--March 27, 2003
AIM Investments (AIM) announced today it and Denver-based INVESCO Funds Group, Inc. (IFG...
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...Petitioners, shareholders in mutual funds managed by respondent investment adviser, filed th...2d 350, 355 (Mass. 2005); Hunt v. Invesco Funds Group, Inc., No. H–04–2555, 2006 WL 1581...
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Medical/Health & Business Editors
WILMINGTON, WA--(BW HealthWire)--Mar. 23, 2000
This announcement is neither an offer to sell nor a solicitation ...
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Chris Clair, ReporterDENVER (HedgeWorld.com) - In what may be one of the last of the super-size settlements tied to the mutual fund market- timing/late-trading scandal, AMVESCAP plc's Invesco Funds Group Inc. and AIM Advisors Inc. mutual fund arms agreed Tuesday to a US$451 million settlement of market-timing charges.
Those civil charges were brought against Invesco Funds Group and four executives of the firm in late 2003 by the Securities and Exchange Commission and attorneys general in New York and Colorado. At the time, AIM Advisors was not charged. Subsequent investigation, however, revealed that the Houston-based firm entered into its own agreements with at least 10 market timers, including one unnamed hedge fund, according to ...
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DENVER (HedgeWorld.com) - Three former Invesco Funds Group Inc. employees have settled Securities and Exchange Commission charges they helped outside investors conduct extensive market timing in Invesco mutual funds.
Timothy J. Miller, former chief investment officer and a portfolio manager; Thomas A. Kolbe, former national sales manager; and Michael D. Legoski, former assistant vice president in Invesco Funds Group's sales department, all will pay penalties and serve various bans on participating in the investment industry, according to a statement from the SEC.
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DENVER -- Invesco Funds Group and its sister company agreed Tuesday to pay $376.5 million and surrender another $75 million in fees to settle allegations of improper trading, a deal that will send nearly all the money to investors harmed by the practice.
Denver-based Invesco will pay $325 million to resolve litigation alleging it permitted excessive market-timing in its funds, Attorney General Ken Salazar said. Its sister company, AIM Advisors Inc. of Houston, agreed to pay $50 million.
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DENVER (AP) - Invesco Funds Group and its sister company agreed Tuesday to pay $376.5 million and surrender another $75 million in fees to settle allegations of improper trading, a deal that will send nearly all the money to investors harmed by the practice.
Denver-based Invesco will pay $325 million to resolve litigation alleging it permitted excessive market-timing in its funds, Attorney General Ken Salazar said. Its sister company, AIM Advisors Inc. of Houston, agreed to pay $50 million.
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LONDON (HedgeWorld.com) - Amvescap PLC, parent company of Invesco Funds Group Inc. and AIM Advisors, announced that it has agreed to acquire WL Ross & Co. LLC, New York.
WL Ross was formed in 2000 by Wilbur Ross Jr. to manage funds for institutional investors and family offices. It has sponsored a variety of vehicles, private equity funds and hedge funds among them. It currently manages more than $3.5 billion in assets for institutional investors in the United States, Europe and Asia.