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Legal Update

New York State Comptroller Bans Placement Agents, Paid Intermediaries and Lobbyists in Investments with the Common Retirement Fund

28 April 2009
Mayer Brown Legal Update
On April 22, 2009, New York State Comptroller Thomas DiNapoli imposed a ban on the use of placement agents, paid intermediaries and registered lobbyists with respect to the state’s $122 billion Common Retirement Fund (CRF), including arrangements under which any of these persons are compensated on a flat fee, contingent fee or any other basis.


  • John A. Janicik
    T +1 312 701 7323
  • Joseph Seliga
    T +1 312 701 8818
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