US - Unlicensed intermediary William "Bill" White has agreed to pay $1m to New York State as part of the ongoing investigation into pay-to-play practices at the New York State Common Retirement Fund (CRF).
New York Attorney General Andrew Cuomo said despite not having the necessary license, White brokered investments worth $500m on behalf of firms that paid him hundreds of thousands of dollars in fee...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
