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PIMCO Speaks Out Over Alleged Abuses

In a Feb. 19 letter, Bill Gross, chief investment officer, and CEO Bill Thompson, are defending the firm on charges it allowed so-called sticky and late trading.

In a Feb. 19 letter, Bill Gross, chief investment officer, and CEO Bill Thompson, are defending the firm on charges it allowed so-called sticky and late trading. PIMCO says any such improprieties occured on a limited basis and promises to make whole any investors damaged by them. Read the full letter.

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