Pa. pension agency exec cleared after review

HARRISBURG, Pa. (AP) — A law firm’s investigation into allegations of misconduct by the then-chief investment officer of Pennsylvania’s state government pension system found no support for allegations that he improperly engaged in day trading while working for the agency.

The State Employees’ Retirement Board released a two-page letter today from its outside counsel that also found no evidence that Anthony Clark acted illegally regarding a troubled investment.

Addressing claims Clark wasn’t working full time for his salary, attorney Walter Cohen wrote that a former board chairman told the law firm that “Clark’s presence in or absence from the office was in accordance with the understanding reached prior to his employment.”

A spokesman for Clark says he views it as an exoneration and that he wants to get on with his life and career.