I have
banned placement agents and pay - to - play practices, and I have increased transparency in pension fund transactions.
Fast - forward to earlier this month, when DFS adopted for the 36th time the emergency regulations that
ban placement agents, codifying DiNapoli's own internal policy, as Abbate's bill has languished.
Not exact matches
«Scott was among the first to call for a
ban on private
placement agents for City pension investment and also worked to advance shareholder initiatives to align corporate executive pay with long - term performance, promote workplace diversity, increase transparency and sustainability, and disclose corporate political spending.»
As part of the agreement, which stemmed from Manatt Phelps & Phillips acting as an unlicensed
placement agent, the firm agreed to a five - year
ban from appearing before any public pension fund in New York and a $ 500,000 fine and cooperate with the ongoing investigation.
The three - year review by Michigan - based Funston Advisory Services says the Common Retirement Fund's 2009 decision to
ban paid
placement agents used by other pension funds does not appear to have kept it from accessing qualified outside investment managers.
The state comptroller, Thomas DiNapoli, and the New York City comptroller, William Thompson Jr., have proposed
banning pension fund investments that involve
placement agents.
«In particular, we are interested in all meetings you had with
placement agents between the time of your appointment by the Legislature and April 2009, when you finally
banned the use of
placement agents.
The department is also charged with enforcing the state's
ban on
placement agents — a
ban that Blackstone, which was running its own large
placement agency, has criticized.
In 2011, Gov. Andrew Cuomo, who as attorney general pursued investigations of Hevesi, said he wanted to make the
ban on
placement agents permanent through Department of Insurance regulations.
To his credit, the current comptroller, Thomas DiNapoli, has
banned, by executive order, the use of third - party «
placement agents» like Mr. Morris and doing investment business with political donors in comptroller races for two years after they make a contribution.
ALBANY — With his office still smarting from scandal, state Comptroller Tom DiNapoli decided in 2009 that to protect the state pension fund, he would
ban the use of so - called
placement agents.
City
bans broker fees on pension funds Comptroller Scott Stringer is to announce Monday that
placement agents will no longer get a piece of...