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The Boston Globe

Business

SEC orders former Cahill aide to pay $100k civil penalty

The US Securities and Exchange Commission has ordered Neil M.M. Morrison, a former investment banker at Goldman Sachs and ex-top state treasury aide to Timothy P. Cahill, to pay a $100,000 civil penalty, citing what the agency said was his role in a pay-to-play campaign fundraising scheme for Cahill.

The agency’s order also bars Morrison from working in the securities industry for five years as part of the negotiated settlement that brings to an end a two-and-a-half year investigation into his activities in raising campaign funds and participating as a chief advisor in Cahill’s campaign for governor in the 2010 election.

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