Bland Resigns

The Associated Press is reporting the State Investment Officer Gary Bland has resigned.

According to the wire service, Bland, who Gov. Bill Richardson appointed in 2003, didn't say why he's quitiing. "However, he leaves amid a federal investigation of investments in New Mexico and fees paid to placement agents," the report notes.

This comes after Saul Meyer of Aldus Equity, who pled guilty in a New York investment fraud case, said that he'd recommended investments in this state that were "pushed on me by politically connected individuals in New Mexico."