SEC Investigates Tim Cahill
BOSTON (AP) — The U.S. Securities and Exchange Commission is investigating the relationship between former state Treasurer Timothy Cahill, his official and campaign staffs and a former aide who went on to work for investment banker Goldman Sachs.
Treasurer Steve Grossman confirmed in a statement Monday he had been served with a subpoena seeking documents and is “cooperating fully and promptly.”
Grossman replaced Cahill after the former treasurer made an unsuccessul bid for governor.
The subpoena was first reported Monday by The Boston Globe.
The newspaper said the subpoena covered possible communications between the Cahill camp and former aide Neil Morrison.
E-mails released amid a lawsuit Cahill filed against aides who quit his gubernatorial campaign showed Morrison communicating with the campaign staff — a potential in-kind political donation that could violate securities rules.
(Copyright 2011 by The Associated Press. All Rights Reserved.)