The Securities and Exchange Commission will pursue no enforcement action against Rhode Island over its pension financial disclosures, General Treasurer Gina Raimondo announced.

The SEC, which had no comment on Tuesday's statement, began its examination of the financial statements and disclosures about the $7.7 billion Employees' Retirement System of Rhode Island began in early 2011. It studied disclosure in bond offering documents related to pension finances from 2007 to 2011, when Frank Caprio was treasurer.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.