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…

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