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SEC Hits Philly PE Firm With 1st Pay-To-Play Action

By Ed Beeson (June 20, 2014, 9:19 PM EDT) -- The U.S. Securities and Exchange Commission on Friday brought its first-ever pay-to-play case against an investment adviser, accusing a Pennsylvania private equity firm of continuing to accept investment fees from local and state pension funds even after an employee made barred political contributions....

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