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Letter details allegations against PA pension fund manager

Written by The Associated Press | Dec 16, 2013 3:42 PM
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(Harrisburg) -- Lawyers for Governor Corbett say they don't have enough information to determine whether the chief investment officer at the state pension system violated securities laws.

The governor's Office of General Counsel recently wrote to the chairman of the State Employees' Retirement Board to say the allegations against Tony Clark involve the possibility he was day trading using his state computer and he hid information about a troubled investment from the board.

The agency's board is hiring its own lawyer to investigate what has occurred.

Clark announced after the allegations surfaced that he is retiring at the end of the month.  His lawyer says she's not sure what the allegations are.

The letter indicates complaints against Clark were first raised in April by a pension agency lawyer.

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