PENNSYLVANIA — Yesterday, Democratic candidate for Treasurer Joe Torsella talked to Philly.com about the need to ban third-party pension marketers as part of his campaign to make the office into an office of efficiency, integrity, and transparency.
Philly.com: Pa. Treasurer candidate seeks ban on pension marketers
Pennsylvanians need to be able to trust that their money will be managed with fairness and integrity, uncompromised by conflicts of interest, political affiliation, favoritism, or other unfair considerations,” he added in his statement.
“Under my administration, the days of needing to know someone to do business with Treasury will be over.” He “will implement a ban on the use of third-party marketers” on Treasury accounts and will “work with the legislature and the pension boards to universally ban third-party marketers involving SERS, PSERS, and other investment funds controlled by the Commonwealth.
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