Headquarters of the U.S. Securities and Exchange Commission in Washington, D.C. Photo: Diego M. Radzinschi/ALM SEC Reaches $6B Settlement With Allianz Global
The case marks the latest white-collar crackdown under the Biden administration that targeted corporate employees, and required an admission of guilt.
May 17, 2022 at 01:48 PM
3 minute read
Securities Litigation
The original version of this story was published on National Law Journal
Allianz Global Investors U.S. LLC reached a $6 billion deal with the SEC resolving claims tied to a scheme that saw investors lose billions after the COVID-19 pandemic crippled U.S. markets.
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