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California political ethics and disclosure rules lag behind financial realities

May 22, 2010 3:00:00 AM - latimes.com
The complex maneuvers and investments that candidates can make today didn't exist when voters imposed strict regulations in 1974.

Politicians weren't getting rich off "secondary market" stock option sales and limited partnerships in secretive hedge funds when California voters approved some of the country's most comprehensive ethics rules.

USA, California: (Latest Stories)