02:13 PM EDT, 04/12/2024 (MT Newswires) -- Credicorp ( BAP ) and four other investment advisory firms agreed to pay $200,000 in combined penalties to settle charges over alleged marketing rule violations, the US Securities and Exchange Commission said Friday.

The other firms are GeaSphere, Bradesco Global Advisors, InSight Securities and Monex Asset Management.

GeaSphere agreed to pay a civil penalty of $100,000, while Bradesco, Credicorp ( BAP ), InSight and Monex agreed to pay penalties from $20,000 to $30,000, "which reflected certain corrective steps taken by each of these firms prior to being contacted by the commission staff," the SEC said.

The firms agreed to settle the charges without admitting or denying the SEC's findings, the commission said.

They did not immediately reply to requests for comment from MT Newswires.

Price: 165.00, Change: -4.77, Percent Change: -2.81