The New York Times
Tue, June 01, 2010 -- 10:04 PM ET
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Steven L. Rattner, Financier, Fights S.E.C. Attempt to Curb His Work
As it investigates a suspected kickback scheme in New York's
pension system, the Securities and Exchange Commission has
been pushing to bar Steven L. Rattner, a prominent financier
and former Obama administration car czar, from working in the
securities industry for up to three years, according to three
people told of the discussions.
But Mr. Rattner has fiercely resisted the proposed penalty,
setting up a face-off with the federal government, according
to these people, who spoke on the condition of anonymity
because the negotiations are intended to be confidential.
It would be the most severe penalty for any of the Wall
Street executives ensnared in the wide-ranging pension
investigation.
Read More:
http://www.nytimes.com/2010/06/02/business/02sec.html?emc=na
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