SEC
Whistleblower
Advocates

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.

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