The Securities and Exchange Commission has asked a judge in Denver to give the agency an extra month to file additional charges against fund firm Invesco. The deadline to file additional charges was Monday, July 26.
The Commission on Monday admitted that it asked a judge for an extension, until Aug. 27, The Los Angeles Times reports. The SEC is amending its charges against Invesco and former president Raymond Cunningham, initially filed in December, to include more claims and individuals. Getting a Denver district court judge to accept the petition is not a sure thing, though. The SEC said that if that petition is denied, it will ask for a meeting of all the parties involved.
Recently, Timothy Miller, portfolio manager of the $3.5 billion Invesco Dynamics Fund, and Thomas Kolbe, senior account executive, both named in the original complaint but not charged, left the firm.