U.S. Securities & Exchange Commission
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U.S. Securities and Exchange Commission

Invesco Funds Group, Inc.

Latest Action: On December 14, 2009, the SEC announced a Fair Fund distribution of approximately $418 million to more than one million investors who were affected by undisclosed market timing in certain Invesco mutual funds advised by Invesco Funds Group, Inc. Investors can obtain additional information about the distribution process by calling Boston Financial Data Services, Inc., the Fair Fund Administrator, at (866) 700-0255, and by visiting http://www.invescofairfund.com.

Background: On October 8, 2004, the SEC simultaneously instituted and settled administrative and cease-and-desist proceedings against Invesco Funds Group, Inc. (IFG), AIM Advisors, Inc. (AIM Advisors), and AIM Distributors, Inc. (ADI). The SEC issued an order finding that IFG, AIM Advisors, and ADI violated the federal securities laws by facilitating widespread market timing trading in certain IFG mutual funds to the detriment of long-term investors. As part of the settlement, IFG must pay $215 million in disgorgement and $110 million in civil penalties to defrauded investors. For more information about the SECís action, you can read In the Matter of Invesco Funds Group, Inc., AIM Advisors, Inc., and AIM Distributors, Inc. at Release No. 50506 (Oct. 8, 2004).

Under the terms of the SECís Order, IFG, through an Independent Distribution Consultant (IDC), must submit a distribution plan to the SEC to distribute the total amount of $325 million to injured investors. On July 6, 2007, the SEC published Notice of the Proposed Distribution Plan and Opportunity for Comment, which specifies how copies of the proposed Distribution Plan can be obtained, and describes the process by which persons may comment on the Plan. After submitting a distribution plan, the SEC approved the plan on May 23, 2008. You can read the SEC's Order Approving a Modified Distribution Plan and Transferring Funds to Treasury as well as the IDCís Modified Distribution Plan.


Modified: 12/16/2009