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  • Ex-Car Czar Said to Settle With S.E.C. in Pension Case

    10/13/2010 6:06:34 PM PDT · by Nachum · 3 replies · 1+ views
    NYT ^ | 10/13/10 | LOUISE STORY and PETER LATTMAN
    Steven Rattner, the former car czar, has agreed to a settlement with the Securities and Exchange Commission over kickback claims involving the New York State pension fund, a person with knowledge of the negotiation said Wednesday. Mr. Rattner will accept a multiyear ban from the securities industry and pay a fine of more than $5 million, the person said. He is still in negotiations over a similar settlement with the office of the New York attorney general, Andrew M. Cuomo.