Action against Defendant, a former county manager, for an alleged conflict of interest in connection with a public pension fund. According to the SEC, Defendant, who was involved in the pension fund’s selection of an investment adviser, gave an unfair competitive advantage to an investment adviser due to his undisclosed relationship with a person associated with the adviser. The SEC alleges that Defendant gave confidential proposals to this adviser to review and falsely represented that he performed an analysis to rank the group of advisers. Defendant has agreed to pay a civil penalty of $10,000 and to bars from certain activities involving public finance.

SEC Complaint

SEC Litigation Release