HARRISBURG, Pa. (AP) — Lawyers working for Republican Gov. Tom Corbett say they don't have enough information to determine whether the chief investment officer at Pennsylvania's government employees' pension system violated securities laws or engaged in other misconduct.
The governor's Office of General Counsel wrote in a letter last week to the chairman of the State Employees' Retirement Board, Nick Maiale, to say allegations against Anthony S. Clark involve the possibility he was day trading using his state computer and hid from the board information about a troubled investment.
One letter, first reported on by The Philadelphia Inquirer, was written by Corbett lawyer Jarad Handelman on the day the agency's board voted to hire an outside lawyer to investigate what occurred and as the attorney general's office collected computer records.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.