Cuomo Unveils Code of Conduct, Gets Carlyle to Sign On

ALBANY—As attorney general, he can’t directly legislate, but Andrew Cuomo has created a code of conduct for investment firms doing business with public pension funds and announced that a major firm, The Carlyle Group, has signed on.
Carlyle will also pay a $20 million settlement for allegedly improper business deals with the state pension fund under former comptroller Alan Hevesi and two aides, Hank Morris and David Loglisci.
“We’ve now, we’ve spent enough time doing the cases where we’ve identified a series of problems. We believe that this code solves those problems,” Cuomo said to reporters on a conference call.

Cuomo Unveils Code of Conduct, Gets Carlyle to Sign On