Securities And Exchange Commission Now Investigating Arizona Public Safety Pension
The Arizona Public Safety Personnel Retirement System pension discloses that it is now the subject of a United States Securities and Exchange Commission investigation.
This is a new and previously undisclosed Federal investigation of the Arizona PSPRS pension system.
The U.S. Securities and Exchange Commission (SEC) is an agency of the United States federal government. It holds primary responsibility for enforcing the federal securities laws.
The SEC has a three-part mission: to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation.
The enforcement authority it received from Congress enables the SEC to bring civil enforcement actions against individuals or companies alleged to have committed accounting fraud, provided false information, or engaged in insider trading or other violations of the securities law. The SEC also works with criminal law enforcement agencies to prosecute individuals and companies alike for offenses that include a criminal violation.
Pensioners First – Somebody isn’t playing nice with others!