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Puerto Rico fiscal board publishes member, staff financial reports

By on August 11, 2017

SAN JUAN – Puerto Rico’s fiscal oversight board published Friday the second quarterly periodic transaction reports of its members and senior staff for the second quarter of 2017—covering the period from April 1 to June 30.

The document forms are to report any purchase, sale or exchange made by them, their spouse or their dependent child, of stocks, bonds, commodity futures and other securities if the amount of the transaction exceeded $1,000.

Chairman José Carrión reported transactions by himself and his spouse, but no monetary amounts were disclosed. The movement included purchasing Fidelity Government Money Market Capital Reserves Class shares; the sale and purchase of Dimensional Fund Advisors (DFA) Investment Grade Portfolio Institutional Class shares, as well as purchasing DFA International Core Equity Portfolio Institutional Class, U.S. Core Equity II reinvested, Emerging Markets Core Equity Portfolio and Five-Year Global Fixed Income Portfolio Institutional Class shares.

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On May 2, board Executive Director Natalie Jaresko divested $500,001 to $1 million in Horizon Capital “ownership interest,” while board member Carlos García bought $100,001 to $250,000 in Caribbean Financial Group Holdings’ 12 Class B-2 interests.

Members David Skeel, Ana Matosantos, José González and Arthur González; as well as Elías Sánchez, who no longer represents the governor on the board; and board counsel Jaime El Koury reported no transactions.

According to the published announcement, all disclosures were reviewed by the board’s ethics adviser, Andrea Bonime-Blanc.

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“Strict adherence to transparency and ethics is a guiding principle for the Oversight Board. It is my mandate to assist the Board in these matters and we will continue to strengthen efforts in this respect in order to proactively provide concerned stakeholders with clear, pertinent information,” Bonime-Blanc says in the release.

In addition to the quarterly transactional disclosures, the board recently published an annual disclosure, all of which are available on the board’s website.


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