August 21, 2018 •
N.Y. Gov. Signs Placement Agent Ban into Law
Gov. Andrew Cuomo signed Assembly Bill 3137 into law on August 21, 2018.
The bill bans the use of placement agents by the New York State Common Retirement Fund.
The bill codifies existing policies into law, as the State Comptroller Thomas DiNapoli banned the use of placement agents in 2009.
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