Legislators Want Middlemen as Lobbyists

Jun 30, 2011

Legislators say they would support a recommendation to require investment middlemen who deal with the state pension fund to register as executive branch lobbyists. The recommendation was one of 92 made in a report by Auditor Crit Luallen during an investigation of the Kentucky Retirement Systems. She presented her findings at a press conference Tuesday and to the joint interim committee on state government Wednesday. The use of placement agents led to “pay to play” scandals in the New York and California state pension systems, but Luallen’s report found no evidence of wrongdoing here.