SEC Fines Firm For Raimondo Campaign Contribution

(Providence, RI)  --  A firm is being fined by the U.S. Securities and Exchange Commission for an improper donation made to the campaign of Governor Gina Raimondo.  The SEC says an associate at California-based Oaktree Capital made the one-thousand-dollar contribution in 2014 despite the fact that the company provided advisory services for the state's public pension plan, in violation of pay-to-play laws.  A spokesperson for Raimondo's campaign says the contribution was returned after it was flagged.  Oaktree has agreed to pay a fine of 100-thousand dollars.


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