CHICAGO -- Wisconsin has launched a review of its contracts with financial advisers in the wake of conflict-of-interest allegations involving Lazard Freres & Co. and First Albany Corp., two advisory firms that have worked for the state.

Lazard was a financial adviser to Wisconsin since at least 1991, while First Albany was named financial adviser earlier this year.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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