4773510477_f3dfbac81f_z

Audit: Massachusetts Gov. Didn’t Violate Pay-to-Play Rules With Donation That Preceded Pension Investment

In 2011, Massachusetts Gov. Charlie Baker donated $10,000 to the New Jersey Republican State Committee. Less than a year later, New Jersey committed $25 million in pension money to General Catalyst Partners for management – the firm where Baker was an executive. The transaction raised the red flags of a pay-to-play violation. But an audit released ...
SEC-Building

How Pension Trustees Can Ensure Compliance With SEC Pay-to-Play Rules

Raymond M. Sarola, an attorney and former trustee of New York City’s pension systems, has penned a column explaining how trustees can ensure they don’t violate the SEC’s pay-to-play rules, and how they can handle a violation if one does occurs. The column, published in Pensions & Investments, begins with an overview of the rule in question: The ...
Bruce_Rauner_August_2014

Firms Managing Illinois Pension Money May Have Skirted Pay-to-Play Rules By Donating To Rauner Campaign

Over the course of his campaign, Illinois governor-elect Bruce Rauner accepted contributions from executives from firms that manage portions of the state’s pension money, according to a new report from David Sirota. Those contributions may violate SEC pay-to-play rules, under which investment firms can’t make donations to politicians that have ...
SEC-Building

State Street Being Probed by SEC, Department of Justice For Possible Misconduct While Soliciting Pension Business

An interesting piece of information was tucked away in a new State Street Corp. regulatory filing. In an SEC filing filed Monday, State Street said it was being subpoenaed by the SEC and the Department of Justice for information related to the way the bank solicits business from public pension funds. State Street admits in the filing that “in at ...
4773510477_f3dfbac81f_z

New Jersey Lawmaker Pushes For Stricter Pay-To-Play Rules For Pension Investments

SEC rules prevent pension funds from investing with firms that have made political contributions to politicians with any control over the pension fund’s investment decisions. But a New Jersey Senator wants the state to go even further. Reported by NorthJersey.com: The law that restricts the state pension fund from investing in firms whose investment ...
3268806794_8f205cc571_z

Investment Firm Charged With Violating SEC Pay-To-Play Rule After Making Political Donations While Working For Two Pension Funds

A Philadelphia-area private equity firm has become the first ever to be charged by the SEC for violating a pay-to-play rule set up in 2010 designed to prevent conflicts of interest when pension funds hire investment firms. The firm, TL Ventures Inc, was charged with violating the rule after an employee at the firm made political contributions to Pennsylvania’s ...
Privacy Policy | © 2020 Pension360 and © 2014 Policy Data Institute | Site Admin · Entries RSS ·