SEC Requests Data From Pension Funds In Probe

Law360, New York (June 9, 2009, 12:00 AM EDT) -- The U.S. Securities and Exchange Commission has requested information from more than two dozen pension fund managers and financial companies as it looks into whether money managers made inappropriate payments to gain business.

The SEC is “interested in finders’ fees and other payments, and the work done in exchange for those payments,” spokesman John Nester said Tuesday. The agency has asked for pension data from fund managers, agents who assist investment companies in winning pension fund business, and other intermediaries.

Goldman Sachs Group Inc., Credit Suisse...
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