Treadway Plunking Down Dough Again
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Tuesday, May 15, 2007

Treadway Plunking Down Dough Again

Seven months after settling with the SEC for $572,000 over his alleged involvement in a market timing scandal, Stephen Treadway has reached another settlement with the SEC. This time around, the former chairman of the PIMCO Funds: Multi-Manager Series, who also served as chief executive officer of the firm that distributed the funds, will pay $75,000 for his alleged failure to disclose the conflict of interest that arose from PAD's arrangements with nine broker-dealers for increased shelf-space.

Treadway neither admitted nor denied the allegations.

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