AllianzGI Admits to Defrauding Investors and is Exiting U.S. Market
Posted on 05/17/2022
The Securities and Exchange Commission (SEC) charged Allianz Global Investors U.S. LLC (AGI US) and three former senior portfolio managers with a massive fraudulent scheme that concealed the immense downside risks of a complex options trading strategy they called “Structured Alpha.” AGI US marketed and sold the strategy to approximately 114 institutional investors, including pension…
