May 02, 2017
Calvert Investment Management, Inc., Calvert Investment Distributors, Inc.
Financial Fraud
SANCTION AMOUNT: $22,614,534
Defendants: Calvert Investment Management, Inc., Calvert Investment Distributors, Inc.
Administrative proceeding brought upon findings that respondents, the former investment adviser and former distributor of the Calvert open-end mutual funds, improperly used nearly $18 million in fund assets to pay for marketing and distribution services, as well as sub-transfer agency expenses in excess of annual expense caps. Case resolved by settlement.
- Key Docs
- Official SEC press release