State Comptroller Thomas P. DiNapoli today announced he has banned the involvement of placement agents, paid intermediaries and registered lobbyists in investments with the New York State Common Retirement Fund (CRF). The ban includes entities “compensated on a flat fee, a contingent fee or any other basis.”
See:
- N.Y. Comptroller Bans Placement Agents for State Pension Fund – from the Wall Street Journal
- DiNapoli Bans Placement Agents – press release from the office of the New York State Comptroller
