First Slice 5-22-15: SEC charges Atlanta investment firm with defrauding public pension clients
Gray Financial Group executives accused of collecting $1.7 million in fees from fraudulent transactions. Plus, Ponce City Market announces delays in openings and more news.
The U.S. Securities and Exchange Commission has charged the Atlanta-based investment firm Gray Financial Group and two of its executives with fraud. The SEC accused the company’s top officials of steering public pension clients – including police officers, firefighters, and transit workers – to purchase investment funds that do not comply with state laws. Gray Financial Group made more than $1.7 million in fees from the alleged scam.
Stay #TrueToAtlanta, Hawks fans. DeMarre Carroll’s sprained knee isn’t serious, and he could play in Game 2 against the Cleveland Cavaliers tonight.
If your summer plans included feasting at the Beltline-adjacent food hall at Ponce City Market, you’ll have to wait until fall, or later. The developers have delayed several anticipated openings. They’ve also unveiled a handful of new retailers.
Conservative lawmakers in Nebraska this week banned the death penalty. Georgia’s legislators could eventually follow suit – but only because the execution drugs are getting too expensive.
The president of the Boy Scouts of America has called for an end to the organization’s ban on gay leaders.
What’s your favorite species of 2014?