The investment management firm admits there is a risk that matters could affect future financial results.
The Department of Justice (DoJ) has joined the Securities and Exchange Commission (SEC) in launching an investigation into registered investment adviser Allianz Global Investors, which has been accused of breaching fiduciary duties over certain investments in structured products. The SEC initially commenced its investigation into the funds back in July 2020 when Allianz was accused of allegedly abandoning its stated investment mandate and making reckless decisions at a time where more conservat