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Corporate Governance
: PomTalkImportant SEC Vote Restricts Pay-to-Play
By Jessica N. Dell
Big News: SEC members voted 5-0 to ban executives at private-equity firms and hedge funds from managing pension-fund assets for two years if they give money to elected officials with influence in awarding investment contracts. Importantly however, the use of placement agents was not prohibited. See the Wall Street Journal article. A PDF of the new regulation is available here. Happy Fourth of July!
Full post as published by PomTalk on July 02, 2010 (boomark / email).
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