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December 01, 2003 at 07:00 PM
Nov. 25, 2003 — AMVESCAP PLC (AVZ), the parent of Denver-based Invesco Funds, said Invesco “never knowingly permitted late trading in fund shares” in response to requests for information on trading activities from the Securities and Exchange Commission, the New York Attorney General, and other regulators.
Amvescap also said that Invesco supports actions that can be taken to strengthen protection of funds against late trading by intermediaries, adding that the retail fund complex has “policies in place to prevent the inappropriate distribution of confidential information regarding fund portfolio holdings,” and “to detect harmful personal trading by portfolio managers and senior management.”
