Regulation

SEC Says Money Manager Stole $3M From Detroit Pensions

Onyx Capital Advisors, a firm that invests in small and medium enterprises in the Midwestern and Southeastern US states, and its founder have been charged with fraud for stealing millions of dollars from Detroit pension funds.

Mass. Treasurer Suspected of Pay-to-Play Donations

Timothy P. Cahill is criticized for accepting more than $100,000 in connection to an investment manager who has been allotted hundreds of millions of dollars in state funds to invest since Cahill became treasurer in 2003.