New York's attorney general has subpoenaed major private equity firms, suspecting they convert management fees into investments to duck income taxes, according to the New York Times.
The Securities and Exchange Commission is seeking to strengthen compliance with a Municipal Securities Rulemaking Board rule that limits political contributions by municipal securities professionals.
Louisiana’s police pension fund, a custodial client of JP Morgan, is suing the bank for allegedly manipulating clients' foreign-exchange transactions to pad its own profits.
A civil grand jury’s scathing report on the San Francisco’s employee pension system has no legal sway over its investment strategies, according to the former president of the California Grand Jurors’ Association.
JP Morgan provided false information, hiding the real nature of the trades that caused a colossal trading loss at the bank, a group of pension funds have alleged.
A civil grand jury in San Francisco has told the city’s employee pension system to change its investment strategy, assumed rate of return, and transparency policies.
A Louisiana pension fund has claimed in a lawsuit that Simon Property Group directors improperly increased its CEO's compensation without seeking shareholder approval.