The State Worker

February 18, 2014 1:31 PM

IPO buy involved company on internal restricted list, CalPERS says

CalPERS investment managers on Tuesday said they have again run afoul of an anti-insider trading policy by purchasing stocks that were on a “restricted trades list” of securities.

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The Sacramento Bee launched The State Worker blog in 2008 to cover state government from the perspective of California government employees. Every day The Bee filters the news through a single question: "What does this mean for state workers?" Subscribe to alerts on state pay, benefits, pensions, contracts and jobs at Twitter: @TheStateWorker.

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