Doug Cornelius on compliance for private equity real estate
Placement agents would have to register as lobbyists under legislation proposed by Assemblyman Ed Hernandez (D-West Covina). The legislation would define placement agents as lobbyists in accordance with the state’s Political Reform Act. Placement agents would have to register as lobbyists before pitching investment ideas to public pension plans in California. It seems like the … Read more »
In mid-2009, the Massachusetts Legislature was rocked by the highly public federal indictments of a state senator and speaker of the Massachusetts House. In response, the legislature passed a sweeping overhaul of its campaign finance, lobbying and government ethics laws. There are new rules in the Commonwealth that went effective on January 1. (Massachusetts is … Read more »
After the well-publicized scandals with Salvatore DiMasi and Dianne Wilkerson, the lawmakers on Beacon Hill passed ethics legislation yesterday banning politicians from accepting gifts and upping the consequences for ethical violations. The Governor had threatened to veto a sales tax increase unless this act was passed, along with reforms in the pension system and the … Read more »