However, the company says it had responded to an informal inquiry received in December from the Central Regional Office of the SEC "seeking voluntary assistance in providing certain information and records related to certain matters."

The company now says is received a formal order of investigation. It describes the SEC's action as an "order directing private investigation and designating offices to take testimony."

Typically, when the SEC launches a formal investigation it has the ability to subpoena individuals.

"We intend to continue to cooperate fully," the company says in the SEC document. "We do not believe the ultimate outcome will have a material adverse effect on our consolidated financial conditions or result of operations taken as a whole." Miles Cortez, executive vice president and general counsel and secretary for Aimco, who signed the 8-K, did not immediately return a call.

A spokesman for the Denver office of the SEC tells GlobeSt.com it is standard operating practice not to comment on investigations. "We won't even confirm there is an investigation," he says. "We will neither confirm nor deny an investigation."

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