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ANNOUNCEMENT: Expert Investor is now PA Europe. Read more.
Information was exchanged in a chatroom called Sterling Lads
But four rivals managed to escape financial penalties
For violations of the Foreign Corrupt Practices Act (FCPA)
Investment manager Pimco has been fined nearly $20m (£15.9m, €18.9m) by the US Securities and Exchange Commission (SEC) for misleading investors about the performance of its actively managed Total Return ETF.