Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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AimPoint Pension
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Compass
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Regional Vice President of Sales The Retirement Plan Company
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Bates & Company, Inc.
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Loan & Distribution Specialist AimPoint Pension
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California Sues Standard & Poor's
PLANSPONSOR; free registration may be required Feb. 6, 2013
"California Attorney General Kamala D. Harris filed a lawsuit against Standard & Poor's (S&P) for inflating its ratings of structured finance investments. Harris says S&P's actions caused California's public pension funds and other investors to lose billions of dollars. The complaint alleges that the McGraw-Hill Companies Inc. and Standard and Poor's Financial Services LLC violated the False Claims Act and other state laws by using a ratings process based on what senior executives described as 'magic numbers' and 'guesses.'"
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