Are crooks managing your pension? The Securities and Exchange Commission has unanimously passed a new rule banning so-called “pay to play” in the $2.6 trillion business of managing public pension funds. See “S.E.C. Tightens Rules on Public Pension Funds” by Edward Wyatt (New York Times) and “SEC Bans ‘Pay to Play’ for Advisers” by Fawn Johnson (Wall Street Journal).