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1/16/2004: Guide to SEC Probe of Consultant Pay-to-Play Schemes (PDF) (Foundation for Fiduciary Studies)
3 pages. Excerpt: The overwhelming majority of the nation's pension plans ... are advised by investment consultants. The SEC has begun an investigation to determine whether certain investment consulting firms have engaged in inadequately disclosed 'pay-to-play' schemes, whereby investment consultants are receiving millions, if not tens of millions of dollars, from the very same money managers the investment consultant has been retained to evaluate and monitor.
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