Adviser settles Us Sec charges alleging he defrauded CalPERS

... penalties, interest and disgorgement of ill-gotten gains. The SEC said that Tandon misled CalPERS when he told the pension fund that his firm satisfied its minimum assets under management requirements - a key metric used by CalPERS when screening ...

http://www.reuters.com/article/2013/04/18/sec-calpers-idUSL2N0D51FZ20130418?feedType=RSS&feedName=governmentFilingsNews