For the second time in a year, the Florida attorney general's office is dealing with a mailing made to appear to come from Eliot Spitzer, New York State attorney general, and warning fiduciaries about the potential conflicts of interest in hiring broker-consultants.
The return address on the envelopes, postmarked in Orlando, was: "Fiduciary Audit Center, Elliot Spritzer, ESP, 120 Broadway, New York, NY 10271." Mr. Spitzer's first and last names were misspelled.
Pensions & Investments received the latest mailing in late June and forwarded a copy of the envelope to both the office of Charlie Crist, Florida attorney general, and the office of Mr. Spitzer for their analysis.
The mailing includes a one-page statement, titled (including misspelling), "Meeting your FIDUCUIARY obligations is serious business!" The statement begins, "If you are engaging a brokerage affiliated BROKER DEALER as your financial consultant you may be causing grave financial harm to your plan." The rest of the packet contains six news stories raising criticisms about consultants.
Aside from the envelope, there is no other identification in the mailing.
"I'm not aware we've heard of this," said Marc Violette, spokesman in the New York attorney general office.
JoAnn Carrin, communications director in the Florida attorney general office, said the office is reviewing the mailing to see if an investigation is warranted. She said the office was sent a similar mailing Oct. 29 and issued no response. "Regardless of what decision was made last year, we are looking into it," she said of the new mailing.