www.benefitspro.com Open in urlscan Pro
2606:4700:4400::ac40:9199  Public Scan

Form analysis
1 forms found in the DOM

POST

<form id="emailArticle" method="post" action="" class="share-form">
  <h4>Share with Email</h4>
  <div class="control-group">
    <input name="email" id="email-address" type="text" placeholder="RECIPIENT, SEPARATE MULTIPLE ADDRESSES WITH COMMAS" autocomplete="off" size="50">
  </div>
  <div class="control-group">
    <textarea name="comment" id="comment" cols="48" rows="8" placeholder="Add a comment..." data-placeholder="Add a comment..." value=""></textarea>
  </div>
  <input type="hidden" name="theHeadline" id="theHeadline" value="SEC charges Allianz Global with multibillion dollar fraud targeted at pension funds">
  <input type="hidden" name="theDescription" id="theDescription" value="Funds suffered &quot;catastrophic losses&quot; as three senior portfolio managers concealed the magnitude of risk and actual investment performance of their trading strategy. ">
  <input type="hidden" name="theLink" id="theLink" value="https://www.benefitspro.com/2022/05/17/sec-charges-allianz-global-multibillion-dollar-fraud-412-130265/?cmp=share_email">
  <button type="submit" class="send-article">Send</button>
  <div id="sendnow">sending now...</div>
</form>

Text Content

Our websites use cookies for analytics, personalisation and advertising. Click
to learn more. By continuing to browse, you agree to our use of cookies.







 * Menu
 * Search
 * 
   
    * BenefitsPRO
      An ALM Exclusive Brand
      
      
    * Sign In
      Register
      
      
       * Home
   
       * Benefits Broker
   
      Benefits Broker Core and Group Health Voluntary Benefits Consumer Driven
      Health Care Health Care Reform Benefits Sales Strategies Broker Innovation
      Lab Broker Regulation Enrollment Practice Management Leads
       * Benefits Manager
   
      Benefits Manager Employer-Paid Employee-Paid Compliance HR Regulation HR
      Technology Cost-Containment Employee Participation Wellness C-Suite
      Retirement
       * Retirement Advisor
   
      Retirement Advisor Defined Contribution Advisor Sales Strategies
      Retirement Regulation Advisor Technology Retirement Trends Defined
      Benefits Investment Instruments Legal Leads
       * Luminaries
   
      Event Coverage Event Site
       * BenefitsPro Magazine
   
       * FreeERISA
   
       * BenefitsPRO Broker Expo
   
       * Instant Insights
   
       * Events
   
       * Editorial Calendar
   
       * Resource Center
   
       * Broker Innovation Lab
   
       * Newsletters
   
       * Webcasts
   
       * Podcast Center
   
    * About Us
    * Contact Us
    * Site Map
    * Advertise With Us
    * Terms of Service
    * Privacy Policy
      
       * Follow BenefitsPRO
   
    * 
    * 
    * 
      
   
      Copyright © 2022 ALM Global, LLC. All Rights Reserved.
   
      
   
      


Sign In REGISTER



 
 * Benefits Broker
    * Core and Group Health
    * Voluntary Benefits
    * Consumer Driven Health Care
    * Health Care Reform
    * Benefits Sales Strategies
    * Broker Innovation Lab
    * Broker Regulation
    * Enrollment
    * Practice Management
    * Leads

 * Benefits Manager
    * Employer-Paid
    * Employee-Paid
    * Compliance
    * HR Regulation
    * HR Technology
    * Cost-Containment
    * Employee Participation
    * Wellness
    * C-Suite
    * Retirement

 * Retirement Advisor
    * Defined Contribution
    * Advisor Sales Strategies
    * Retirement Regulation
    * Advisor Technology
    * Retirement Trends
    * Defined Benefits
    * Investment Instruments
    * Legal
    * leads

 * Luminaries
    * Event Coverage
    * Event Site

 * FreeERISA
   
 * BROKER EXPO
   
 * LEads
    * Benefits Leads
    * 401(k) Leads

 * More
    * Special Reports
    * FreeERISA
    * BROKER EXPO
    * Instant Insights
    * Expert Perspectives
    * Events
    * Editorial Calendar
    * Resource Center
    * Newsletters
    * Webcasts
    * Podcast Center





News


SEC CHARGES ALLIANZ GLOBAL WITH MULTIBILLION DOLLAR FRAUD TARGETED AT PENSION
FUNDS

FUNDS SUFFERED "CATASTROPHIC LOSSES" AS THREE SENIOR PORTFOLIO MANAGERS
CONCEALED THE MAGNITUDE OF RISK AND ACTUAL INVESTMENT PERFORMANCE OF THEIR
TRADING STRATEGY.

By Brad Kutner | Mai 17, 2022 at 03:05 PM | The original version of this story
was published on The National Law Journal

X

SHARE WITH EMAIL



Send
sending now...


THANK YOU FOR SHARING!

Your article was successfully shared with the contacts you provided.
Headquarters of the U.S. Securities and Exchange Commission in Washington, D.C.
Photo: Diego M. Radzinschi/ALM

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. 

Pension funds for teachers, clergy, bus drivers, engineers and other investors
were defrauded, with losses and downside risks concealed for years, according to
a statement released by Securities and Exchange Commission Chair Gary Gensler.


COMPLETE YOUR PROFILE TO CONTINUE READING AND GET FREE ACCESS TO
BENEFITSPRO.COM, PART OF YOUR ALM DIGITAL MEMBERSHIP.

YOUR ACCESS TO UNLIMITED BENEFITSPRO.COM CONTENT ISN’T CHANGING.
ONCE YOU ARE AN ALM DIGITAL MEMBER, YOU’LL RECEIVE:

 * Critical BenefitsPRO.com information including cutting edge post-reform
   success strategies, access to educational webcasts and videos, resources from
   industry leaders, and informative Newsletters.
 * Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
 * Access to other award-winning ALM websites including ThinkAdvisor.com and
   Law.com

Register Now

Already have an account? Sign In Now

share on facebook share on twitter



DIG DEEPER

 * Retirement
 * Defined Benefits
 * Legal




TRENDING STORIES

 1. 2022 Broker of the Year: Josh Butler

    

 2. Missing the mark: Employees still dissatisfied with benefits cost, access 

    

 3. Could 2023 Social Security COLA hit 9%?

    

 4. Industry experts break down the biggest driver of soaring health care costs

    

 5. 7 habits of high-performing brokers and advisors

    


 





RECOMMENDED STORIES

SELLING YOUR BUSINESS: NAVIGATING M&AS IN THE EMPLOYEE BENEFITS MARKET

C.J. Marwitz, editor, BenefitsPRO | Mai 26, 2022

Thinking of selling your business? Here are some lessons learned from veterans
of the process.



SURVEY: NO SURPRISES ACT PREVENTED MORE THAN 2 MILLION UNEXPECTED MEDICAL BILLS

Michael Popke | Mai 26, 2022

Experts predict more than 12 million surprise bills will be avoided throughout
2022.

INCREASING PARTICIPATION IN EMPLOYEE STOCK PURCHASE PLANS

Amy Reback | Mai 27, 2022

How do you tip the scales from awareness of ESPPs to adoption? It takes a little
more creativity. Two steps can help you get there.





RESOURCE CENTER

White Paper

Sponsored by MeMD

The Burnout Epidemic: Why Employers Must Address Work-Related Burnout & How
Telebehavioral Health Can Help

Two-thirds of workers are experiencing burnout at work. Help your employer
clients address this leading issue with an easy-to-implement telebehavioral
health solution guaranteed to lower absenteeism and improve productivity at a
low cost.

Browse More Resources ›



Guide

Sponsored by GRAIL, LLC

The Missing Piece in Employee Cancer Benefits

In the current benefits landscape for self-insured employers, solutions exist to
help you and your employees navigate an increasingly complex oncology process.
Download this guide to learn more.

Browse More Resources ›



White Paper

Sponsored by Alight Solutions

The Hidden Costs of COVID-19 for Employer Healthcare Budgeting

Find out how you should plan and budget differently for healthcare in 2021 due
to the coronavirus.

Browse More Resources ›




BENEFITSPRO



DON’T MISS CRUCIAL NEWS AND INSIGHTS YOU NEED TO NAVIGATE THE SHIFTING EMPLOYEE
BENEFITS INDUSTRY. JOIN BENEFITSPRO.COM NOW!

 * Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted
   environment
 * Access to other award-winning ALM websites including ThinkAdvisor.com and
   Law.com
 * Exclusive discounts on BenefitsPRO.com and ALM events.



Already have an account? Sign In Now



Follow Us On

 * Benefits Broker
 * Benefits Manager
 * Retirement Advisor
 * Luminaries
 * FreeERISA
 * BROKER EXPO
 * More
   

 * About BenefitsPRO
 * Contact Us
 * Site Map
 * Advertise With Us
 * Terms of Service
 * Privacy Policy
   

 * Terms of Service
 * Privacy Policy

Copyright © 2022 ALM Global, LLC. All Rights Reserved.