The company co-founded by Obama's former car czar Steve Rattner is in trouble with the SEC.The agency has filed charges alleging that the Quadrangle Group "improperly secured a $100 million investment from the New York state pension fund after improper "quid pro quo" arrangements." The state of New York has settled with the company, but significantly, has disavowed Rattner's actions: Quadrangle has "disavowed" Rattner's behavior and has agreed to help the investigation, Cuomo's office said Thursday morning.In a statement, Quadrangle neither admitted nor denied any allegations and said it would make payments of $7 million to the state of New York and $5 million to the SEC. Quadrangle also agreed to adopt a code of conduct similar to those adopted by other investment firms that have settled with Cuomo, including the District-based Carlyle Group.Rattner has not been charged with any wrongdoing. A spokesman for Rattner declined to comment.Thursday's...(Read Full Post)