Patrick Carroll will now police the investment bank from within its compliance department.
The SEC has alleged that an Atlanta, Georgia-based advisory firm broke the law when recommending alternative investments to public sector pensions.
Citi, JP Morgan, Barclays, RBS, UBS, and Bank of America were involved in conspiracies to manipulate exchange rates, according to regulators.
The FCA improperly identified JP Morgan’s ex-international CIO in its London Whale report, a court confirmed.
CalPERS could be on the hook for an alleged $100 million oral contract with an ex-manager that it never OK’d in writing.
The Windy City suffers a junk bond status as it deals with $20 billion in unfunded pension liabilities.
Rating agencies are on alert after an attempt to reduce a $100 billion pension gap was thrown out by the state’s Supreme Court.
A 2013 change to the public pension’s index-linked policy was deemed illegal by the court.
Low rates and yields mean it is time for rule-makers to adapt their policies, says a Europe-wide industry action group.
John Johnson has been sentenced to supervised release and community service for illegal activities committed before his tenure as a public fund CIO.