AIM Investments Makes Positive Changes
Both its recent settlement and its own reforms are encouraging.
When it comes to AIM Investments, investors should proceed with caution.
On Oct. 8, 2004, AIM Investments reached a final settlement with the SEC and other regulators. The deal amounts to $375 million, one of the largest so far in the fund-trading scandal that was first brought to light in September 2003. The bulk of this settlement, $325 million, is attributable to Invesco Fund Group's infractions. AIM Advisors and AIM Distributors (ADI) will pay a total of $50 million.