Category: Rule G-37

Pay to play and the Wall Street Reform and Consumer Protection Act of 2009

Post author By Eric Brown
Post date December 12, 2009
Categories In Rule G-37

Buried in the Wall Street Reform and Consumer Protection Act of 2009 is a provision relating to pay to play issues for municipal financial advisers. (c)(1)(A) No municipal financial adviser shall make use of the mails or any means or instrumentality of interstate commerce in connection with which such municipal financial adviser engages in any […]

J.P. Morgan’s $722 million settlement for bond business activity

Post author By Eric Brown
Post date November 5, 2009
Categories In Rule G-37

The Post reports that J.P. Morgan will make a $722 million settlement to end a matter involving the firm’s efforts to seek bond business from Jefferson County, Alabama. The Securities and Exchange Commission said Wednesday that J.P. Morgan and former managing directors Charles E. LeCroy and Douglas W. MacFaddin paid $8 million to friends of […]

Pay to play update in New York

Post author By Eric Brown
Post date October 8, 2009
Categories In New York, Rule G-37

Here’s the latest on a pay to play case in New York. New York is just one of the states with a history of dubious relationships between the politicians who influence or control public pension funds and those who want investments from the billions of dollars in cash they hold (the state’s pension fund alone […]