Post #26492 by ges on the Falling Knives board

Investment Strategies / Falling Knives

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John Fervier, the chair of the State Election Board, echoed the guidance of the attorney general’s office prior to voting on Friday, warning the members that “we’ll be going against the advice of our legal counsel by voting in the affirmative.” He also indicated that the board does not have the authority to make such a rule; such power rests solely with the legislature.

“This board is an administrative body, it’s not a legislative body,” Mr. Fervier said. “If the legislature had wanted this, they would have put it in statute.”

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