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SEC Fines PIMCO $20 Million

PIMCO will pay $20 million to settle charges of misleading investors about the performance of one of its actively managed exchange-traded funds and failing to accurately value fund securities, the SEC said Thursday.

WASHINGTON – PIMCO will pay $20 million to settle charges of misleading investors about the performance of one of its actively managed exchange-traded funds and failing to accurately value fund securities, the SEC said Thursday.

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