September 29, 2014 (Shareholders Foundation) - An investigation on behalf of investors of PIMCO ETF Trust (NYSEARCA:BOND) shares over potential securities laws violations by Pacific Investment Management Co in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of PIMCO ETF Trust (NYSEARCA:BOND) concerning whether certain statements by PIMCO Total Return ETF regarding the funds business, its prospects and its operations were materially false and misleading at the time they were made.

Shares of PIMCO ETF Trust (NYSEARCA:BOND) grew from $104.51 per share in late 2013 to as high as $109.81 per share in August 2014.

On September 23, 2014 an article was published that stated that 'the Securities and Exchange Commission is investigating whether bond giant Pacific Investment Management Co. artificially boosted the returns of a popular fund aimed at small investors, according to people familiar with the matter, the latest challenge for the firm run by investor Bill Gross.' According to article, the fund involved in the investigation was the Pimco Total Return ETF Bond fund.

On September 26, 2014, PIMCO announced that Co-founder and Chief Investment Officer William H. Gross, has resigned and will leave the firm, effective immediately.