Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Friday, March 29, 2024 | Back issues
Courthouse News Service Courthouse News Service

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.

Categories / Uncategorized

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Loading...