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
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date