The two lawsuits seek at least $26 million from Rattner and his immediate lifetime ban from the securities industry in New York… “Steve Rattner was willing to do whatever it took to get his hands on pension fund money including paying kickbacks, orchestrating a movie deal, and funneling campaign contributions,” said Attorney General Cuomo. “Through these lawsuits, we will recover his ill gotten gains and hold Rattner accountable.”
Does the SEC have teeth after all?
The SEC is all over the news today. It’s investigating Citigroup! It’s examining Charles Schwab over the YieldPlus fiasco which we thought was settled but wasn’t! And, of course, in conjunction with Andrew Cuomo, it’s coming down on Steve Rattner like a ton of bricks: