The State Worker

December 30, 2013 10:46 AM

From the notebook: What CalPERS officials said about restricted trades now under SEC review

In case your missed it, The Bee reported this weekend that federal officials are looking into two stock purchases that CalPERS made in mid March in violation of its own policy to avoid insider trades. Although a subsequent internal review determined that the trades were accidental and weren’t really insider trades, sources say that the Securities and Exchange Commission has been conducting a low-level, informal inquiry.

The State Worker

Jon Ortiz chronicles civil-service life for California state workers

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About This Blog


Jon Ortiz launched The State Worker blog in 2008 to cover state government from the perspective of California government employees. Every day he filters the news through a single question: "What does this mean for state workers?" Join Ortiz for updates and debate on state pay, benefits, pensions, contracts and jobs. Contact him at jortiz@sacbee.com or 916-321-1043. Twitter: @TheStateWorker.

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