The Hill reports on comments received in the SEC’s rulemaking to address pay to play issues. The Investment Company Institute (ICI) said the policy “significantly overreaches” and should be more narrowly tailored. The Managed Funds Association (MFA), which represents hedge funds, argued that the $250 level for political contributions is too low and should be […]
Day: December 28, 2009
Quid pro quo bribe alleged in Massachusetts corruption case
The Boston Globe reports on the case against former Massachusetts House speaker Salvatore DiMasi. DiMasi and the other defendants are charged with steering two contracts worth $17.5 million to Cognos, a Burlington firm, in exchange for hundreds of thousands of dollars in payments, including $57,000 for DiMasi. Also indicted were DiMasi’s friend and former accountant […]