S.E.C. Said to Probe CalPERS Ties to Financier

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U.S. security regulators are investigating possible ties between a former chief executive of the California Public Employees’ Retirement System, a former Calpers board member, and a financier who has pleaded guilty in a New York pension fund corruption case, The Sacramento Bee reported, citing court documents.

The U.S. Securities and Exchange Commission has demanded records of any contacts financier Elliott Broidy had with former Calpers chief Fred Buenrostro and former Calpers board member Alfred Villalobos, among others, the newspaper said....MORE