SEC Cracks Down|on ‘Pay-to-Play’

     WASHINGTON (CN) – The Securities and Exchange Commission says it will crack down on “pay-to-play” practices by investment advisers through a new rule that will prohibit investment advisers who have donated to politicians from paid employment with a government client for two years.




     The new rule also would prohibit advisers from providing payment to any third party for a solicitation of advisory business from any government entity on behalf of the advisor. Additionally, the new rule would prevent an adviser from soliciting from others, or coordinating, contributions to certain elected officials or candidates or payments to political parties where the adviser is providing or seeking government business.
     Click on the document icon beneath “Days Are Limited for Netting Pacific Tuna” and “CPSC Names Toy Parts Without Lead Limits,” for additional regulations.

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