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SEC Targets Pay-To-Play In State Pension Funds

By Evan Weinberger (May 11, 2009, 12:00 AM EDT) -- In the wake of an alleged kickback scheme at the New York State Common Retirement Fund, the U.S. Securities and Exchange Commission is considering a rule barring independent investment advisers from working with public pension funds once they have donated to the political campaigns of the fund managers....

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