WASHINGTON — The Securities and Exchange Commission and the New York attorney general reached settlement agreements with investment adviser Quadrangle Group LLC and others for allegedly engaging in pay-to-play practices with state officials and their consultants to obtain investment business from New York’s pension fund.

The cases involving the New York State Common Retirement Fund, which was most recently valued at about $129 billion and is the third-largest pension fund in the U.S., are likely to be followed by other cases stemming from pay-to-play probes of pension funds across the county, according to sources. The SEC has several ongoing investigations, they said.

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