Ore. investment officers to get reprimands

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SALEM, Ore. (AP) -- The Oregon Government Ethics Commission voted Wednesday to reprimand three investment officers at the Oregon State Treasury.

The Oregonian newspaper reports that a majority of the commission members agreed there were violations of state ethics law involving travel expenses and reimbursements while the officers were overseeing Wall Street money managers who invest public pension money.

But the commissioners decided Wednesday not to charge the three for the violations because they were following flawed Treasury policies and incorrect advice from the state attorney general's office.

The paper reported last year that the investment officers often traveled in luxury, in high-end hotels, at top restaurants and sometimes accepted entertainment such as golf rounds, paid for by investment firms.