SEC-PR-2024-09 (JAN. 25, 2024) Source: https://www.sec.gov/newsroom/press-releases/2024-9 Download: SEC-PR-2024-09 ⊗ (PDF) PRESS RELEASE | 2024-9 SEC Charges Chicago-based Aon Investments and Former Partner with Misleading Pennsylvania Public Employees’ Pension Fund. Washington D.C., Jan. 25, 2024 — The Securities and Exchange Commission today announced settled charges against Aon Investments USA Inc., a Chicago-based registered investment adviser, and […]
Category: MISLEADING PUBLIC EMPLOYEE’S PENSION FUND
Misleading Public Employee’s Pension Funds involve the provision of false or incomplete information about the health, management, or viability of pension plans for public employees. This can include overstating the fund’s financial stability, concealing deficits, or downplaying investment risks, leading employees to believe their retirement benefits are more secure than they are. Such deception can result in significant financial harm to retirees, loss of trust in public institutions, legal ramifications, and potential financial crises for the governmental bodies responsible for these funds.