Federal investigators are examining the activities of a broker at a local Smith Barney office in Albany in connection with their probe of the Senate Republican majority leader, Joseph Bruno, according to a source.
Investigators, who are looking into Mr. Bruno's work for a Connecticut investment firm that manages millions of dollars of pension fund money for labor unions and contractors, are examining the records of financial advisers who acted as middlemen between the firm and the funds. The activities of the Smith Barney broker in Albany, Mark Caropreso, are a subject of interest of investigators, the source said.
Mr. Caropreso declined to comment.
The broker's father is Anthony Caropreso, a major figure in Albany's labor community - director of labor relations for the Eastern Contractors Association, a trade association of general contractors, subcontractors, suppliers, and service firms.
The younger Mr. Caropreso is on the board of directors for the association, according to the group's Web site.
