SEC may sue Memphis firm

Memphis investment advisors at Consulting Services Group may be sued by the SEC, according to the CA, covering this long-running, complex story, in which culpability remains uncertain. CSG advises the Shelby County pension fund, among others.

Some business just not worth having

Memphis pension-fund manager Consulting Services Group has close brush with SEC and New York litigants, according to today's Commercial Appeal. At the core: whether CSG paid a legitimate finder's fee or an illegal kickback that benefited NY officials. CSG is not accused of any crime and tells the CA of its quick response to the SEC investigation, its restitution of injured parties and its own attempts at remedial action.