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Alan Hevesi: Ex-NY Comptroller Gets Prison for Pension Scandal
Hevesi sentenced to one to four years in prison.
The SEC’s Newest Targets? Muni-Bonds and Pension Funds
Specialized SEC unit leads crackdown on municipal securities fraud and “pay-to-play” practices.
Court Finds No Potential “Pay-to-Play” Conflict in Countrywide Case
Judge Pfaelzer finds no “pay-to-play” issues in Countrywide case.
Sen. Bennett Again Raises Pay-to-Play Issue for Securities Class Actions
Senator warns that Congress may have to step in.
Calpers Announces Review of Payments to Board Members
Steptoe & Johnson to conduct review of payments by money managers to firms headed by Calpers’ board members.
SEC Says It Lacks Jurisdiction to Probe “Pay-to-Play” in Class Actions
One week after receiving Senator Bob Bennett of Utah’s letter urging the SEC to expand its ongoing “pay-to-play” investigation to include practices related to securities class actions, SEC Chairman Mary Schapiro wrote back on Tuesday, July 14 with the SEC’s response: No can do.
Sen. Bennett Asks SEC to Investigate “Pay-to-Play” in Securities Class Actions
In a letter Tuesday to the SEC, Senator Bob Bennett of Utah asked the agency to investigate whether there is a practice of law firms making campaign donations to officials who oversee government pension plans so that they can subsequently be selected to represent those funds as plaintiffs in securities class actions. The Deseret News [...]