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The Boston Globe


Former Cahill aide, Goldman banker fined $100,000

In its toughest sanction yet on pay-to-play-schemes, the Securities and Exchange Commission has ordered Neil M.M. Morrison, a former investment banker at Goldman Sachs and former top aide to ex-state treasurer Timothy P. Cahill, to pay a $100,000 civil penalty for his role as chief political adviser and fund-raiser 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 2½-year investigation into his activities as campaign fund-raiser and chief adviser to Cahill’s campaign for governor in 2010.

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