SEC: No Action Against Bland and Mallot

Gary Bland

 KOB - The Securities and Exchange Commission has notified two former state officials it has finished an investigation of New Mexico investments and will not prosecute them.
Former educational pension board chairman Bruce Malott on Thursday released a copy of a letter sent earlier this month from the SEC stating that no enforcement action will be taken against him.

Bruce Malott

Former State Investment Officer Gary Bland confirmed that he has received two similar letters from the federal agency. The SEC and the U.S. Attorney's Office have been investigating investments by the State Investment Council and Educational Retirement Board. Read full story here: News New Mexico

SEC: No Action Against Bland and Mallot